ECONOMICS
SCARCITY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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3
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less than 1
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97
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10
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Detailed explanation-1: -Although water covers almost 70 percent of the earth, just 2.5 percent of it is fresh. The rest is ocean-based and saline. Complete answer: Only 0.006% of water is fit for human consumption from the total water available.
Detailed explanation-2: -2.5% of the earth’s fresh water is unavailable: locked up in glaciers, polar ice caps, atmosphere, and soil; highly polluted; or lies too far under the earth’s surface to be extracted at an affordable cost. 0.5% of the earth’s water is available fresh water.
Detailed explanation-3: -This is so because rest of the water is locked in glaciers, or is not fit for human use or is not accessible . Most of the water is in seas which is salty .
Detailed explanation-4: -The total volume of water on Earth is estimated at 1.386 billion km³ (333 million cubic miles), with 97.5% being salt water and 2.5% being fresh water.