You have been hired by a city as a junior economist. The city tells you the population has been growing at 3% annually. Furthermore, from the years 2000 to 2010 the city grew to 300,000 people. The city only is able to supply water to a maximum of 600,000 people. How much time does the city have at the current growth, before they run out of the ability to supply water

Which of the following statements is correct? a) one drawback of forming a corporation is that it generally subjects the firm to additional regulationsb) one drawback of forming a corporation is that it subjects the firms investors to increased personal liabilitiesc) one drawback of forming a corporation is that it makes it more difficult for the firm to raise capitald) one advantage of forming a corporation is that it subjects the firm's investors to fewer taxese) one disadvantage of forming a corporation is that it is more difficult for the firm's investors to transfer their ownership interests

If a government accumulates chronic budget deficits over time, what's one possible result? a. a collective action problem b. a debt crisis c. regulatory capture d. an unfunded liability

Which of the following is the term for something that you can't live without 1. need 2. want 3. good 4. service