What Water Policy,advocated by the World Bank and International Monetary

question 25

Multiple Choice

What water policy,advocated by the World Bank and International Monetary Fund,has made it more difficult for some people to gain access to water?

• A) government regulation
• B) the Kyoto Protocol
• C) irrigation
• D) privatization
• E) U.N. Convention on the Law of the Sea

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Definitions:

Fixed Proportions

A production process condition where inputs must be used in strict, unchangeable ratios to produce an output; no substitution between inputs is possible.

Utility Function

An economic term describing how different goods or services yield different levels of satisfaction or utility to a consumer.

Units

Refers to the individual or measurable components that can be sold, used, or accounted for, in various contexts such as production, inventory, or measurement standards.

Utility Function

A mathematical representation of a consumer's preference ordering over a set of goods and services, showing the satisfaction level from consumption.