Michigan has an abundant supply of fresh water. However, an economist would cons
ID: 1222487 • Letter: M
Question
Michigan has an abundant supply of fresh water. However, an economist would consider it a scarce resource because
a.
water is necessary for humans' physical survival
b.
pollution will eventually destroy all life in the Great Lakes
c.
water is limited relative to people's unlimited wants
d.
water commands a very high price
a.
water is necessary for humans' physical survival
b.
pollution will eventually destroy all life in the Great Lakes
c.
water is limited relative to people's unlimited wants
d.
water commands a very high price
Explanation / Answer
water is limited relative to people's unlimited wants
water is limited relative to people's unlimited wants