This is your second writing assignment of the term. This exercise is worth 10 points with the allocation of points indicated next to each part of the assignment below. Access the PDF on Canvas of the New York Times article “Plastic Bags to Be Banned in New York; Second Statewide Ban, After California” (Links to an external site.)by Mary Alataffer from March 28th, 2019.
Read the article and use it as a starting point for thinking about public policy solutions to a market failure.
After reading, please develop a brief (1250 word minimum; points will be deducted for not meeting requirement) essay (typed and double-spaced) that addresses the following questions/ideas:
What two public solutions to externalities discussed in this course are mentioned in this article as policy options to limit plastic bag use? (2 points)
Discuss the pros and cons of these two policy options from an economic perspective. (2 points)
What would have to be true of plastic bag use for an outright ban to be the efficient solution? Include a graph as a figure in your paper to support your answer (2 points)
How would you choose to address plastic pollution in Oregon if you were the governor? support your arguments with three (3) pieces of evidence, which must include at least one (1) popular press news article and one (1) academic journal articles. (4 points)
