Use the Information Below to Answer the Following Questions

question 101

Multiple Choice

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. A free world market in water ________ achieve an efficient use of the world's water resources because ________.

• A)would not; it is not profitable for the water-rich countries to ship water to the water-poor countries
• B)would; people in water-rich countries want to help people in water-poor countries
• C)would not; water-poor countries are not willing to pay market price for water
• D)would; the invisible hand leads the equilibrium price to equal the quantity at which marginal social benefit equals marginal social cost
• E)would not; water is vital for life so it must be allocated by a method other than market price

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Definitions:

Freud

The founding father of psychoanalysis, a method for treating psychopathology through dialogue between a patient and a psychoanalyst.

Free Will

Free will is the philosophical concept that individuals have the capacity to make choices that are not predetermined by past events, genetics, or environment.

Controversial Theories

hypotheses or speculations that provoke debate and disagreement within the academic community or wider society due to their challenging nature.

Beliefs

Convictions or acceptances that something exists or is true, especially without proof.