Economic Analysis of Social Issues 1st Edition by Alan Grant

تمرين 12

[Related to Application 9.2 on page 187] Application 9.2 describes how several southwestern states resolved their dispute over water rights to the Colorado River. The Colorado River eventually flows out of the United States and into Mexico, where it soon disappears, its waters exhausted. Explain why it is easier to keep the Colorado's waters flowing as it passes from state to state than it is to keep the Colorado's waters flowing as it passes from country to country.