Water is a necessity of life. It should not be bought and sold, or traded in markets!

Question:

Water is a necessity of life. It should not be bought and sold, or traded in markets!” Use the economic way of thinking to evaluate this statement.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Economics Private And Public Choice

ISBN: 9780357133996

17th Edition

Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

See More Books

Question Posted: Oct 17, 2023 10:00 AM

See More Questions

Case Study: Quick Fix Dental Practice Technology requirements Application must be built using Visual Studio 2019 or Visual Studio 2017, professional or enterprise. The community edition is not...
Key West Electronics, located in Miami, was just ten years old in early 2010, with sales expected to pass the $500 million and net income just beginning to turn positive after years of losses or near...
1. A company is considering investing in a piece of measuring apparatus. The service offered to its customers requires measurement data of the customers' business activities. The customer may deliver...
Show that an emission tax and an absolute emission standard are equivalent instruments to regulate a polluting monopolist if and only if the standard is binding.
Distinguish between business failure and audit risk. Why is business failure a concern to auditors?
Suppose there are two transformers between your house and the high-voltage transmission line that distributes the power. In addition, assume that your house is the only one using electric power. At a...
Refer to Exercise 4.2. (a) Determine the cumulative probability distribution $F(x)$. (b) Graph the probability distribution of $f(x)$ as a bar chart and below it graph $F(x)$. Data From...
The following revenue and expense account balances were taken from the ledger of Wholistic Health Services Co. after the accounts had been adjusted on February 28, 2019, the end of the fiscal year:...
Table 4.1 Reference values (reference equivalent threshold sound pressure levels [RETSPLS]) for standard supra- aural audiometric earphones expressed as the sound pressure levels (dB SPL in a 6-cc...
How do plastic bag bans affect the demand for forest products? What does this do to the price of timber and how does it influence the value of keeping land in timber production versus selling it off...
Why have cotton fields retreated and forests returned in many areas of the southeastern United States? With fewer acres farmed, will the nation continue to be able to provide food and fiber for...
Visit a few Web sites, and document features and interface characteristics that you particularly like (and dislike). Bring this information to class and share. Considering everyones experiences, what...
Plain English is a movement within the accounting world and has become a serious concern of the SEC. FASB has also had a role in the "plain English" movement. Prepare a 2 to 3 page paper directed at...
1. Explain EACH of the four basic elements necessary to the formation of a valid contract? What they are and definition 2. The Statute of Frauds requires certain types of contracts to be in writing...
Ramesh Singh is an accountant providing tax and accounting services as a sole proprietor. He meets all of his clients in his office in the basement of his home. 900 square feet is considered to be...
Question 3 (a) OCP Sdn Bhd (OCP) will embark on oleochemical production. OCP has engaged Denkin Co. Ltd., a tax resident in Japan to provide engineering, procurement, construction and commissioning...
On their joint tax return, Wade and Dorothy, both age 40, had adjusted gross income (AGI) of $150,000 and claimed the following itemized deductions: Interest of $15,000 on a $100,000 home equity loan...
Creative Accountants, Ltd., is a small San Francisco-based accounting partnership specializing in the preparation of individual (I) and corporate (C) income tax returns. Prevailing prices in the...
What key concerns must functional tactics address in marketing? Finance? POM? Personnel?
My money wage rose by 6 percent last year, but inflation completely erased these gains. How can I get ahead when inflation continues to wipe out my increases in earnings? Whats wrong with this way of...
Data for nominal GDP and the GDP deflator (2010 = 100) in 2017 and 2018 for six major industrial countries are presented in the accompanying Table A. a. Use the data provided to calculate the 2017...
What is the source of frictional unemployment? Does frictional unemployment indicate that an economy is working poorly? How does the job search accompanying frictional unemployment influence the...
Gitano Products uses job-order costing and applies overhead cost to jobs based on direct materials used in production (not on the basis of raw materials purchased). Its predetermined overhead rate is...
After spending the day packing merchandise into boxes for a makers convention, Jaime is ready to pack up their rental van and make the drive to the next town over. Jaime wants the unloading of the...
headquarters. The building was completed on September 30, 2025. Expenditures on the project were as follows: January 1, 2024 March 1, 2024 June 30, 2024 October 1, 2024 $ 1,680,000 1,260,000...

Water is a necessity of life. It should not be bought and sold, or traded in markets!

Question:

Step by Step Answer:

The statement that water is a necessity of life It should not be bought and sold or traded in markets can be evaluated using the economic way of thinking which considers how resources are allocated go...View the full answer

Economics Private And Public Choice

Students also viewed these Business questions