• Do people really care about the environment if it means higher price levels? Does recycling even work? Has anyone hugged a tree recently?

With this being our starting point, we should also look to consider the following questions:

• Are "developing" nations really concerned about the environment? Why or why not? How do the decisions made by these nations impact us?
• In our present society, people demand and expect more from the government but very few people are willing to pay higher taxes, explain this paradox? Can this situation work?
• Is it the responsibility of the government to protect the environment and establish a welfare state?

TEXT:

Krugman, P., & Wells, R.MICROECONOMICS.Sixth edition