Homework answers / question archive / Michigan has an abundant supply of freshwater

Michigan has an abundant supply of freshwater

Economics

Share With

Michigan has an abundant supply of freshwater. However, an economist would consider it a scarce resource because:

a) water commands a very high price.

b) the cost of supplying water is prohibitively high.

c) pollution will eventually destroy all life in the Great Lakes.

d) water is limited in supply relative to people's unlimited wants.

e) water is necessary for human survival.