Michigan has an abundant supply of fresh water.However,an economist would consider it a scarce resource because:

A) water is necessary for human survival.
B) pollution will eventually destroy all life in the Great Lakes.
C) water is limited relative to people's unlimited wants.
D) water commands a very high price.
E) nature can destroy water as well as create it.

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Eloisa Celis · Accepted Answer

Final Answer : C, Explanation :  The fact that fresh water is limited relative to people's unlimited wants makes it a scarce resource from an economic perspective. Despite Michigan having an abundant supply of fresh water, there may still be scarcity issues in certain geographic areas or during times of drought. Additionally, the growing population and increasing demands on water resources for agriculture and industry can further exacerbate the problem of scarce water resources.

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