When a highly valued resource cannot be easily traded, as is often true with water flowing in a river, then
A) it will not be hoarded by the rich, but will be available to all on an equal basis.
B) we can expect shortages from time to time, and conflicts over access to its use.
C) its price will be low as a result.
D) markets in the resource will clear more easily, without greed and profit to get in the way.

Question

Quizplus · Accepted Answer

When a resource cannot be easily traded, it often leads to shortages and conflicts over access, as there is no efficient market mechanism to allocate it based on supply and demand.

When a Highly Valued Resource Cannot Be Easily Traded, as Is