This document of ECO 370 Week 1 Discussion Questions shows the solutions to the following problems:
DQ 1: Describe an industry that is linked to a natural resource economy. What economic advantages can be realized for that industry by functioning in a sustainable manner? What costs could this industry face in implementing a sustainable business model? Do you think those costs are justified? Why or why not?
DQ 2: Consider two methods for achieving less water use in a community. The first method includes trying to convince people to apply water conservation measures and to use less water at current prices. The second method involves driving up the price of water. Discuss the merits of both approaches. Which one do you think would be more effective? Why?
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