To Address the Water Supply Problems in the Colorado River

question 88

Multiple Choice

To address the water supply problems in the Colorado River basin,experts call for the seven states using the river water to take several actions.What is not one of these?

• A) Slow growth and development of urban populations.
• B) Lower the price of water taken from the river.
• C) Switch water thirst crops to less arid areas.
• D) Prohibit the use of water on golf courses and lawns.
• E) Eliminate subsidies for agriculture in this region.

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Definitions:

Consumption Function

As income rises, consumption rises, but not as quickly.

John Maynard Keynes

A British economist whose theories on government intervention in economies (Keynesian economics) have greatly influenced modern macroeconomic policies, particularly regarding the use of fiscal and monetary measures.

Karl Marx

A 19th-century philosopher, economist, and political theorist known for his critique of capitalism and the development of Marxist theory.

Milton Friedman

An influential American economist and Nobel laureate known for his strong belief in free-market capitalism and minimal government intervention.