ECONOMICS
SCARCITY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Little access to water and low rainfall
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Lots of money to buy water
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Lots of access to water, through rain and rivers
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No water at all
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Detailed explanation-1: -Brazil has highest freshwater resources in the world which is accounts for approximately 12% of the world’s freshwater resources. It is just because Amazon region this country contains 70% of the total freshwater. Russia has second largest freshwater reserve which is approximately 1/5 of freshwater in the world.
Detailed explanation-2: -Of the total freshwater, 69% resides in glaciers, 30% underground, and less than 1% is located in lakes, rivers, and swamps. Thus, the amount of water in rivers and lakes is less than amount of groundwater.
Detailed explanation-3: -The world’s second richest country in inland water resources with as many as 6000 rivers, rivulets and tributaries, Nepal can meet not just its own electricity needs, but also serve energy hungry neighbors like Bangladesh and India.
Detailed explanation-4: -All rivers have a starting point where water begins its flow. This source is called a headwater. The headwater can come from rainfall or snowmelt in mountains, but it can also bubble up from groundwater or form at the edge of a lake or large pond.