Plastics Problem and Solution
What country has a plastics problem?
What is Fiji?
One effect of the plastics problem is...
What is...
- burning plastics
- health problems
- environmental damage
- microplastic consumption
This type of cost is what firms consider when pricing their goods.
What is private cost?
What is costs?
What is the downward-sloping curve?
What is demand
What are "other countries"? Ex. Philippines, Peru, Panama, Indonesia
If a cause of the plastics problem is the lack of waste disposal sites, an effect is...
Many acceptable answers. Ex. What is plastic drifting to sea?
This type of cost is another word for social cost.
What is true cost?
If there is a negative externality, the market is __________producing.
What is overproducing?
What shape is DWL?
What is one solution to the plastics problem?
What is...
- Upcycle
- Investment
- Innovation/Invention
If a cause of the plastic pollution problem is burning plastic, a negative health effect is...
Many acceptable answers. Ex. What is respiratory diseases?
Negative externalities consider _____________ costs.
What is implicit costs?
The social optimal output, Pa is ______(</>)Pe.
What is greater than?
What is fishermen?
What are the pros and cons of investing in a solution to the plastics problem?
Many acceptable responses!
If a cause of the plastics problem is plastic bottles everywhere in Fiji, a positive economic effect is...
What is a buyback program?
Why is social cost greater than private cost?
Social is factory cost plus environmental cost, while private cost is only factory cost. This means the price is too low.
This is the difference between the current production and the social optimal output.
What is DWL?
What is SIDS? Small Island Developing State
How much of the plastics problem in Fiji originates in Fiji?
What is 28%?
If an effect of plastic problem is economic growth, what is a cause?
What is Fiji Water?
With a tax, the goal of the government is for firms to price their goods using _____________ cost.
What is social cost?
If the government imposes a tax, the price suppliers receive is __________(</>) Pa, the social optimal output.
What is less than?
Plastic travels to Fiji from other countries because...
What is a Gyre?