1. What would you be willing to pay, as fair market value, for a clean, safe glass of ice-cold water? Explain.
2. Why do many judge the state of water cleanliness and safety mainly by sight and smell only?
3. Consider the following: "Environmental credit trading is a tool that can be used to support efforts that improve the environment by making those efforts less costly than they would be otherwise. But, environmental credit trading can only be effective in improving the environment if there is some firm requirement for environmental improvement (a cap or a standard) that needs to be met." What is your opinion of this statement?