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Use the information below to answer the following questions.
Fact 5.3.1
Only 1 percent of the world supply of water is fit for human consumption.Some places have more water than they can use;some could use much more than they have.The 1 percent available would be sufficient if only it were in the right place.
-Refer to Fact 5.3.1.If there were a global market in water like there is in oil,
Q4: Tariffs and import quotas differ in that<br>A)one
Q24: "As domestic car prices have increased,consumers have
Q28: Suppose a consumer spends all his income.His
Q37: When price rises,the substitution effect<br>A)always increases consumption.<br>B)increases
Q58: With respect to water and diamonds,water<br>A)has a
Q63: Which one of the following will definitely
Q99: Compared to the situation before international trade,after
Q109: Consider the information in Table 4.2.1.The income
Q141: William Gregg owned a mill in South
Q160: Refer to Table 4.1.1.Demand is unit elastic