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Question:
The population is growing, which creates more demand for water, especially in the southwestern part of the United States. In general, states are using more water than the system can supply, diminishing this limited resource. How would water bankruptcy work? Include who benefits and who loses as a result. Provide an alternative way in which a water shortage problem can be resolved.
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
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