1. Provide three reasons why it is important for environmental economists to adhere to a code of ethics, whether the code of ethics is formal (documented and sanctioned by an established group) or informal (simply a matter of thinking about what is right, possible spillover effects, and what advice would be appropriate)           2. Explain how environmental justice is related to decisions that governments make about how we use and/or protect environmental resources.

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Q: What assumptions do economists make? Why does each assumption matter in environmental economics?

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