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Textbook Site for:
Macroeconomics , Fifth Edition
William Boyes, Arizona State University
Michael Melvin, Arizona State University
Internet Exercises
Is Water a Free Good?


Read the International Food Policy Research Institute's summary of Mark Rosegrant's article on water scarcity.

Questions:
  1. Is water a free good or a scarce good? Why?
  2. Why would a higher price for water reduce the likelihood of a future water shortage?




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