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Unformatted text preview: work among the crops- Concern about environment, run off into water supply Policy options- Taxes, regulation, prohibition, labeling- disclosure requirements and language constraints as wells as labeling schemes. Individual activism. Social/policy choices. Producer choices. Individual consumption choices. Motivated people Much hay is made of the efficiency of free markets. An outcome is efficient when- 1. You cant make anybody better off without making somebody else worse off. 2. It maximizes total social benefit. 15:31 15:31...
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This note was uploaded on 12/11/2011 for the course PSYCHLOGY 101 taught by Professor Staff during the Spring '08 term at Rutgers.
- Spring '08