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1 Compare/contrast Julian Simon’s and Paul Ehrlich’s views on the general effects of human population growth on environmental conditions (include the term “scarcity” in your answer).

2 Provide an example of the “law” of supply and demand influencing the ways humans use or exploit a particular natural resource.

3 Which of the following environmental problems is better suited to solutions derived from the Coase theorem: a) land-use disputes on adjacent parcels of private property; or b) reducing water pollution across a region (explain)?

4 Review the market mechanisms available for environmental policy. Which require the most far-reaching levels of state enforcement?

5 How does the ecologically complex nature of a river (or any similar “piece” of nature, for that matter) make it difficult, if not impossible, to value in monetary terms?