Complete a paragraph to describe the opportunity cost of the Taiwanese government's decision to divert water from farmers to the computer chip industry.

1. Where is Taiwan located?
2. What proportion of the world's computer chips are made in Taiwan?
3. What trade-offs does the Taiwanese government face?
4. When the Taiwanese government made the decision to divert water to the computer chip industry, what did the country give up?
5. What do Taiwanese farmers include in their estimate of the cost of the diversion of water?
6. How does this article suggest that farming and industry are interrelated?
7. Does Chuang Cheng-deng's comment suggest that the expected benefit of the governmental payment exceeds his expected cost of losing water? Do all farmers agree with his computation?