Question
Please read the following excerpt from The Economics of Public Issues, R.L. Miller, D.K. Benjamin and D.C. North, 16E (attached): Chapter 5. Sex, Booze and
Please read the following excerpt from The Economics of Public Issues, R.L. Miller, D.K. Benjamin and D.C. North, 16E (attached):
Chapter 5. Sex, Booze and Drugs Chapter 8. Are We Running Out of Water?
Water is a rare resource, which is one reason why states might distribute it without charging a price. Water is also frequently regarded as a public good, making it non-excludable and non-rivalrous. Many governments provide water subsidies to lower-income households in order to make it more affordable.
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The Economics of Public Issues
Authors: Roger LeRoy Miller, Daniel K. Benjamin, Douglass C. North
19th edition
134018974, 134018973, 9780134020532 , 978-0134018973
