Since Price Tends to Equal Total Utility, the Price of Water

question 114

True/False

Since price tends to equal total utility, the price of water is low and the price of diamonds is high.

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Definitions:

Sinuosity

The measure of how much a river or stream meanders, calculated as the channel length divided by the straight-line distance downstream.

Esker

A long, winding ridge of stratified sand and gravel, typically occurring in glaciated and formerly glaciated regions, formed by retreating glaciers or meltwater.

Levees

Natural or artificial embankments built along rivers or watercourses to prevent their waters from overflowing onto adjacent land.

Flooding

The overflow of water onto land that is normally dry, often caused by heavy rain, melting snow, or storm surges.