Water prices are determined by the interaction of supply and demand forces in a functioning market. ...

Water prices are determined by the interaction of supply and demand forces in a functioning market.

Indicate whether the statement is true or false

Question 2

Self sufficiency:

a. Would solve the world food problem.
b. Would result in reduced food production.
c. Was advocated by Adam Smith.
d. Would result if governments were successful in pursuing free trade.
e. Would enhance the chances for free trade.

Question 3

Developing countries:

a. Are monolithic, all having common characteristics.
b. Experience similar consequences from U.S. assistance.
c. Are at different stages of development; therefore, treating them the same is treating them different.
d. Become our competitors if we assist in developing their agriculture.
e. All of the above.

Question 4

Developing countries:

a. Contend that they have not had an equitable role in trade negotiations.
b. Severely criticize export subsidies and domestic price supports.
c. Propose preferential access to developed country markets.
d. Contend that they receive no benefits from trade.
e. All of the above.

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Water prices are determined by the interaction of supply and demand forces in a functioning market. ...

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