Construction of Levees Can Actually Make Floods Worse in Areas

question 53

True/False

Construction of levees can actually make floods worse in areas upstream and downstream from the construction.

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Definitions:

Equilibrium

A state in which market supply and demand balance each other, and as a result, prices become stable.

MU/P Ratio

The ratio of marginal utility (MU) to price (P), used to determine the optimal consumption point where consumer satisfaction per unit of cost is maximized.

Marginal Utility

The heightened benefit received from using one more unit of a good or service.