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In 2008, Iowa flooded, causing extensive damage. Methods that can reduce flooding include improving the stormwater drainage system, planting more trees and vegetation in key
- In 2008, Iowa flooded, causing extensive damage. Methods that can reduce flooding include improving the stormwater drainage system, planting more trees and vegetation in key areas, and elevating roads and bridges. These flood-prevention methods can be considered a "service".
- Are these flood mitigation techniques rival or non-rival?
- Are these flood mitigation techniques excludable or non-excludable?
- Would the private market ever provide these flood mitigation services?EXPLAIN
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