Use the Information Below to Answer the Following Questions

question 106

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.If there were a global market in water like there is in oil,

• A)the supply of water would decrease.
• B)less water would be made available to countries that experience drought.
• C)supply and demand would determine the price of water and those who are willing to pay the equilibrium price would get the water.
• D)the demand for water would increase.
• E)countries with a shortage of water would pay an exorbitant price for water.

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Definitions:

Gini Coefficient

An index measuring the degree of income inequality in a population, ranging from 0 (perfect equality) to 1 (maximum inequality).

Income Inequality

The uneven distribution of income within a population.

Income Distribution

The way in which total income is shared among the owners of different factors of production and across various participants in the economy.

World War II

A global conflict that occurred from 1939 to 1945, involving most of the world's nations and resulting in significant political, social, and economic changes.