1. Watch the following two videos:
   1. Milton Friedman on Profit Motive Part 1 (opens new window)(plain text link: https://www.youtube.com/watch?v=ev_Uph_TLLo)
   2. Milton Friedman on Profit Motive Part 2 (opens new window)(plain text link: https://www.youtube.com/watch?v=iPqdRqacpFk)
2. In your opinion, who has the stronger argument?
3. ShouldFord and theconsumer be free tomake decisions about production and buyingbased on all available information, or should we rely on the government to regulate and make decisions for us? EXPLAIN, using economic reasoning learned thus far in the course.

B. Discuss:

• What responsibility do individuals in the United States have to the rest of the world and to future generations in terms of staving off global warming? In other words, what type of economic sacrifice, if any, should the people of the US make to curb global warming?
• Should we allow developing countries to pollute more, or should we hold these countries to the same standards?

When considering this issue, I would like you to think about the opportunity costs.