Lorax Essay Assignment: After watching the cartoon version of “The Lorax”
Economic Analysis (Paragraph One): Give a brief summary of the “The Lorax,” and describe the economic problems that exist in the story. Identify the Factors of Production that are used, the resources at risk, the trade off(s) and opportunity cost(s)the Onceler must make and the resulting positive and negative externalities.
20 pts
Plan (Paragraph Two): Propose a solution using an economically supported approach that would better utilize the Factors of Production and end the story with externalities at a socially acceptable level. Prove to the Lorax that there are other ways to solve problems other than to just “Yap Yap.”
20 pts
**This essay can be written (only if I can read it!) or typed.
Due: