Water shortages are usually the result of
a. profit-seeking owners of the resource holding water off the market and refusing to trade.
b. bad forecasts by water planners.
c. monopoly fixing of water prices.
d. a lack of tradeable property rights in water.
D
Economics
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A change in Real GDP in the short run can be brought about by a change in
A) the exchange rate. B) labor productivity. C) expectations of future sales. D) wealth. E) all of the above
Economics
Refer to the diagram. The average propensity to consume:
A. is greater than 1 at all levels of disposable income above $100.
B. is greater than 1 at all levels of disposable income below $100.
C. is equal to the average propensity to save.
D. cannot be determined from the information given.
Economics