ECONOMICS
SCARCITY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Either A or B
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None of the above
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Detailed explanation-1: -Complete answer: Only 0.006% of water is fit for human consumption from the total water available. There is an abundance of water on the planet, but sadly, only a small amount (about 0.3 percent) can even be used by humans.
Detailed explanation-2: -0.5% of the earth’s water is available fresh water. If the world’s water supply were only 100 liters (26 gallons), our usable water supply of fresh water would be only about 0.003 liter (one-half teaspoon). In actuality, that amounts to an average of 8.4 million liters (2.2 million gallons) for each person on earth.
Detailed explanation-3: -97% of water on earth is in oceans, which is salt water. Only 3% of water present on earth is freshwater, out of which 2% is frozen in the form of ice caps and glaciers. We can only use rest 1% water for our daily needs. Q.