. Economics and Policy

Select four of the following ideas/policy instruments and identify how they can support sustainable natural resource management in 50 words or less (per idea/policy = 200 words total). Sentences are fine, point form is also fine. There are three points per response.
You get one point for each contribution you correctly identify (so aim to identify three things per response). You get half a point for each contribution you identify when you are partially correct.

1. a) Tax
2. b) Quota
3. c) Subsidy
4. d) Penalty/Fine
5. e) Municipal by-law
6. f) Provincial law
7. g) Federal law

Sample Solution