Answer the questions.

Watch the “Lorax” video. This is about pollution and the environment. There will be a few questions about the video. The LoraxAfter you have watched “The Lorax”, answer the questions in this document.The questions will also be attached in cause you do not have access to it.the video link:
loraxquestions_1_.doc

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Dr. Seuss’s The Lorax.
Name: ___________________________________
You will watch a short video tape The Lorax by Dr. Seuss. It chronicles the plight of the
environment and the Lorax who speaks for the trees against the greedy Once-ler. There
are many economic concepts in this story. Please read the questions below before you
watch the tape. Then answer them after you watch the tape and turn in. Main characters:
Once-ler, Lorax, Trufulla, and Thneeds.
1. Discuss the role of supply and demand. What causes the demand for Thneeds to rise?
2. How does the profit motive affect Once-ler’s behavior?
3. What is the nature of externality? Why is it a problem?
4. What causes the extinction of the Trufulla trees?
5. What is the nature of the Tragedy of the Commons?
…
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