1) Write down some benefits and drawbacks of instituting environmental laws and regulations versus permitting unfettered exchange of materials and services?
2) Americans treasure their freedom, and some think which environmental laws are impinging on their constitutional freedom. Explain why do you think this view is accurate or incorrect?
3) If Nation A has stricter laws for environmental protection than Nation B and if these laws restrict the capability of Nation B to export its goods to Nation A, then by the policy of the World Trade Organization (WTO) and the EU, Nation A's environmental protection laws can be overruled in the name of free trade. Do you think this is right? What if Nation A is a wealthy industrialized country and Nation B is a poor developing country that requirements every economic boost it can receive?