Please answer ONE of the following two questions. Only one!…
Please answer ONE of the following two questions. Only one! Four points Grazing fees may be increased out West to pay for the management of the pasture by the BLM (Bureau of Land Management). As a result, your taxes may go down, while you may also notice a difference in the price of your burger. (a) Identify the externality in this situation. (b) Explain how the externality changed and describe what the ultimate effect on the consumer was (potentially financially and/or behaviorally)? The motto of the U.S. Forest Service is “To provide the greatest amount of good for the greatest amount of people,” while the National Park Service’s governing theme is “Leave no trace.” Explain how these two mission statements exemplify or represent the differences in perspectives on resource use or non-use by each service. Explain both.