Define the situation or problem
-Pollution: is when various contaminants are introduced into a natural environment that causes instability, disorder, harm or discomfort to an ecosystem.
Explain how the issue you have chosen affects your community. Be sure to include impacts you perceive to be both positive and negative.
-Pollution is acknowledged as being a grave risk to many organisms. Human health can be affected in a number of ways. Polluted air can cause respiratory disease, cardiovascular disease, throat inflammation, chest pains and general congestion.
What do members of your family and community say about the issue?
-They state that it an issue that we will face for a long time. It will continue to kill the earth day by day and eventually there won't be one.
Construct a circular-flow diagram that incorporates effects of your chosen issue on economic products and various sectors of the economy.
Based on your diagram, answer the following questions including positive and negative effects on each economic sector.
How does this issue affect households and local residents?
-Pollution effects households and local residents because if they have clean water they will continue to buy goods and services.
How does this issue affect area businesses?
-Businesses are able to sell to living beings still.
How does this issue affect our government at the local, state, and national levels?
-Government enacts a new legislation to improve water conditions.
How does this issue affect the rest of the world?
-Import quality.
How does the issue affect resources, goods and services, and finances?
-Resources are short in supply if pollution affects the very thing that makes it grow.
Resource:
http://www.earthtimes.org/encyclopaedia/environmental-issues/pollution/
What are the necessary conditions for any possible solution to work?
- The community would have to come together and work together in order to begin to fix the problem.
Are there budget or labor concerns?
-Of course there are, you need money to do anything in the world anymore. It would take lots of money and lots of time to fix the damage that we've pushed on the earth. Not only money and time, but the smarts to come up with new sources that won't harm the planet.
Does the public need to be aware of and support the solution?
-Yeah, in order for things to get done the public would need to be informed in order to get involved.
What challenges are there to implementing each solution?
-Money
How else might you judge possible solutions against each other?
-Which solution seems to have the best outcome and the best support from the public.
What do your parents/others in the community say about the issue?
-That if something could be done to help, it should be done.
Should possible externalities factor into the chosen solution?
-Yes they should factor.
Give three possible solutions to the economic issue you are investigating.
1. Try to get more people involved and active in stopping the pollution from happening.
2. Put more money into things that would actually help the water pollution instead of useless things like the government has been doing.
3. More security around major bodies of water, to prevent people from throwing trash and whatever else they want into the water.
Why would some people oppose the solutions you have chosen?
-More security in major bodies of water takes security away from other places that may need it.
Calculate the consequences of these solutions—both intended and unintended at all levels of the economy.
What positive or negative externalities does this issue present at each sector of the economy? Refer to your circular-flow diagram.
-Water pollution affects the well being of humans.
What incentives do individuals, businesses, and government have to act on each possible solution?
-To find ways of making the water healthier.
What are the externalities, both positive, and negative, that could result from each possible solution?
-Either way you choose, not everyone is going to get involved enough to stop the problem all together. However, even a little bit of an effort to fix the problem is better than none at all.
