Environmental Economics

  1. Why do we consider the environment and our available natural resources public
    goods? What about common resources?
  2. What do you think is the most relevant externality resulting from economic
    activity that impacts the environment? Be sure to explain how your choice
    qualifies as an externality and what impact it has.
  3. Of the methods discussed so far for valuing the environment, which do you think
    would be most effective at properly managing natural resources? Why?