1. Define both a linear economy and a circular economy and explain the difference between them. Elaborate on the concept of how circular systems are based on nature and waste (Jones, et.al., 2021).
2. Explain what is meant by direct and implicit costs and elaborate the difference between these concepts (using examples).
3. Describe how Ben Franklin originally communicated his process of CBA (Boardman, Ch. 1) and describe what is meant by primary data, secondary data, qualitative data, and quantitative data.