Westga Principles of Microeconomics Unit 4 Writing Assignment

Your writing assignment will be graded on the following categories--A. Content: did you answer all questions using relevant information from the unit's concepts (using proper evidence and examples when needed), B. Essay's Structure: are your sentences coherent and logical, C. Language Mechanics: are your sentences well written and free of errors in spelling, grammar and punctuation, and D. Originality and Sources: are your sentences your own thoughts and if outside sources are used, did you use those properly and include citations. 

1. Read the article from the Federal Reserve Bank of St. Louis Page One Economics Newsletter “How Economics Informs Environmental Policy"

2. Upload your individual response of 2-3 paragraphs (about 1 page) to all of the following questions. Your response will clearly involve some amount of opinion, but do your best at thinking through and analyzing the questions fully before writing your answer. Carefully organize your writing in paragraphs (essay-style) before uploading your response, and any information from outside sources must be cited appropriately using MLA style. You should upload these to the CD Assignment folder.  Please be sure you save your assignment as .rtf, .docx, .doc in order to upload.

3. Questions to Answer:

A. Explain the following options for pollution control: a pollution ban with regulatory penalties, a cap & trade system, or a Pigovian tax.

B. What might be the impact on the equilibrium price and quantity in the market under each of the pollution control options?

C. If you were a government regulator, which option would you choose and why?