Future Levels of Human Poverty Will Be Increased by Water

question 33

True/False

Future levels of human poverty will be increased by water scarcity and potential for conflict over the competition for water resources will increase as human population continues to rise.

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Definitions:

Tax

A required economic dues or other form of assessment exacted from a taxpayer by government authorities meant to finance government activities and assorted public costs.

Excess Supply

Occurs when the quantity of a good or service supplied is greater than the quantity demanded at a given price.

Supply Function

A mathematical expression representing how the quantity supplied of a good is influenced by its price and possibly other factors.

Demand Function

A mathematical expression that describes the relationship between the quantity of a good demanded and its price.