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You will watch a short video tape The Lorax by Dr. Seuss. It chronicles the plight of the environment and the Lorax who speaks for the trees against the greedy Once-ler. There are many economic concepts in this story. Please read the questions below before you watch the tape. Then answer them after you watch the tape and turn in. Main characters: Once-ler, Lorax, Trufulla, and Thneeds. 1. Discuss the role of supply and demand. What causes the demand for Thneeds to rise? 2. How does the profit motive affect Once-lers behavior? 3. What is the nature of externality? Why is it a problem? 4. What causes the extinction of the Trufulla trees? 5. What is the nature of the Tragedy of the Commons? And here is the video https://www.youtube.com/watch?v=8V06ZOQuo0k , please read the instruction and the questions and look at the video and tell me if u can do it

Date Posted: 06/04/2017
Category: General
Due Date: 07/04/2017
Instruction
You will watch a short video tape The Lorax by Dr. Seuss. It chronicles the plight of the environment and the Lorax who speaks for the trees against the greedy Once-ler. There are many economic concepts in this story. Please read the questions below before you watch the tape. Then answer them after you watch the tape and turn in. Main characters: Once-ler, Lorax, Trufulla, and Thneeds.




1. Discuss the role of supply and demand. What causes the demand for Thneeds to rise?

2. How does the profit motive affect Once-lers behavior?

3. What is the nature of externality? Why is it a problem?

4. What causes the extinction of the Trufulla trees?

5. What is the nature of the Tragedy of the Commons?

And here is the video https://www.youtube.com/watch?v=8V06ZOQuo0k , please read the instruction and the questions and look at the video and tell me if u can do it
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