Problem
1. What are the four incentives of private property? How do they differ from the incentives found in common property?
2. What is a cap and trade policy? How might such a policy help to decrease a negative externality?
3. What are the basic roles of government?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.