Q1. Were past societies in human history more ecological than our society today? What is the most ecological society today? Which societies or cultures do you think will become the most ecological and why?
Q2. Consider a household survey that concludes that poor households spend only 0.6% of a 1% increase in income on food. Can you conclude from this finding that a nutrition-based poverty trap does not exist for these households? Carefully explain.
Q3. Why might price collusion occur in oligopolistic companies? Evaluate the economic desirability of collusive pricing. What are the main obstacles to complicity? Speculate as to why price leadership is legal in the United States (US), while price-fixing is not.