Re: Discussion Forum Week #1
by James Fraser (James.Fraser@umo.edu) - Thursday, March 7, 2024, 6:37 PM
This is an excellent post, and uses a great example, focusing on the concept of scarcity of a resource. The score on this part is 100. Now for part two. Given that this is a macroeconom
course, using your own example of the water scarcity in California, Oregon, and Washington explain who the major users of the resource are and how you believe the available water
could/should be rationed by the state governments involved in a way that maximizes the economic benefits to the state population. Due Sunday night.
Dr. Fraser