1) Read the opinion piece, "Polluting Farmers Should Pay" provided in the link and answer the following questions. https://www.nytimes.com/2019/08/25/opinion/water-quality-agriculture.html A - Characterizes the market failure happening in America's watersheds. Describe the externality in this example. B - Discuss how water quality can be improved across the country using market instruments. C - The polluter pays approach is mentioned in the article. Do you think this is an appropriate response for solving water pollution problems? Explain your answer.

2) Answer the following questions as they relate to monetary policy. https://www.fb.org/land/impact-covid19-on-ag A - Explain the concept of Monetary Policy. B - How should the Fed change the money supply to stimulate the economy during the COVID-19 crisis? C - What is the likely effect on interest rates from these measures and how will the changes affect agricultural producers who are actively using borrowed money to finance their production operations? Explain. D - What other policy actions are currently being used to help the Agricultural Industry during this time?