ECON101 SEU Liquidity Crisis & Water Scarcity Case Study Paper Ues Times New Roman Font 12 for all your answers WORD FORMAT ONLY NO MATCHING RATIOMaximum 3

ECON101 SEU Liquidity Crisis & Water Scarcity Case Study Paper Ues Times New Roman Font 12 for all your answers WORD FORMAT ONLY NO MATCHING RATIOMaximum 350 word Case Study No. 1
Course: Microeconomics
(Econ-101)
Academic Year:1439-1440 H
Student name:
Semester: 2nd
Student grade: / 20
CRN:
Level of the marks:
Student ID:
Instructions:
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This Assignment must be submitted on Blackboard (WORD format only) via
the allocated folder.
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Email submission will not be accepted.
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You are advised to make your work clear and well-presented; marks may be
reduced for poor presentation. This includes filling your information on the cover
page.
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Assignment will be evaluated through BB Safe Assign tool.
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Late submission will result in ZERO marks being awarded.
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The work should be your own, copying from students or other resources will
result in ZERO marks.
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Use Times New Roman font 12 for all your answers.
Case Study No. 1
Liquidity crisis; Water scarcity
Questions:
1) Explain Adam Smith statement that : “nothing is more useful than water: but
it will purchase scarcely anything; scarcely anything can be had in exchange for
it.” Use the Diamond-Water paradox as an example.
2) Do you think Adam Smith statement still holds true today? Which drivers
make water a scarce resource today?
3) Do you think management of water will be a challenging issue in Saudi Arabia
within the next few decades?

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