Multiple Choice
Use the information below to answer the following questions.
Fact 18.4.1
Water is a natural resource that is plentiful in Canada but not plentiful in Arizona and southern California. Suppose Canadians start to export bulk water to Arizona and southern California.
-Refer to Fact 18.4.1. The price of bulk water in Arizona and southern California will ________. Water is a ________ natural resource.
A) fall; renewable
B) rise; nonrenewable
C) rise; renewable
D) fall; nonrenewable
E) not change; nonrenewable
Correct Answer:

Verified
Correct Answer:
Verified
Q13: A decrease in the price of factors
Q21: For a monopsonist facing an upward-sloping supply
Q30: The idea that the demand for tire
Q31: Use the figure below to answer the
Q33: The income effect of a higher wage
Q38: Unions try to raise minimum wages because<br>A)they
Q41: The _ of a future amount of
Q68: If the wage rate decreases,the substitution effect
Q115: If the annual rate of interest is
Q118: If the present value of $100 received