1. Suppose there exist two identical forest plots, except one will be harvested and left, while the second will be cleared after harvest and turned into a housing development. Be sure that you proofread your response.
1) In terms of efficiency, which plot should have the shortest harvest age?
2) Why? Be sure to clearly explain your reasoning.
2. Read Example 13.2 in the reference. Should U.S. national forests become privatized (sold to private owners)? Why or why not? Be sure to back up your response with economic analysis and reasoning.
3. Do you think there is room for both lumber producers AND environmental goals in managing forests? Why or why not? What are some of the particulars that need to be discussed in order to have a working relationship between loggers and environmentalists?