These Economics W.I.R.E.D. activities recommend web links that relate to key concepts of each chapter of the textbook. For each link, there are instructions to guide you to specific information, followed by several discussion questions or exercises.
Key Concepts: Public Goods, Cost-Benefit Analysis, Externalities:
From the Environment to Education, Remedies for Externalities, Models of Government
Behavior,
Environmental Protection Agency—Global Warming
Review the general background information outlined in the four sequential topic
areas ("climate," "emissions," "impacts," and "actions") on global warming.
- Explain why no nation is interested
in taking the first and unilateral step of cleaning up the air (Hint: consider
public goods).
- Why are governments pressured
to solve the global warming problem?
- Visit the Econergy International
Corporation (EIC). Click on "Our Services."
Explain how a market-based solution to controlling greenhouse gas emissions
is possible.