Question 1: Explain how a timber company can determine whether to clear cut a forest plot or practice sustainable forestry. What variables will they take into account?
Question 2: Discuss the main causes of forest loss, and explain how these vary in different areas of the world.
Question 3: List and describe supply-side policies that could be instituted to encourage more sustainable forestry.
Question 4: How can water markets increase economic efficiency? List three conditions necessary for a successful water market.