.Properly in text and includes work in APA. Dr. Suess research assignment. Dr Seuss teaches us about Market Failure and externalities through The Lorax. Please read or watch The Lorax and complete the assignment. Here are open access links for you: The Lorax - Read Aloud Picture Book.

https://youtu.be/EdWesdMfyd4. The Lorax

- Read Aloud Picture Book | Brightly Storytime in YouTube.

https://youtu.be/8V06ZOQuoOk. The Lorax

(original). YouTube video. Questions all need longer description: After viewing or reading The Lorax- 1. Name the natural resource the Once-ler identified: 2. Name and describe the Once-ler's product: 3. Observe how the thneed factory changed over time; describe how the factory changed as the business grew. What costs changed as it grew? Are all costs included in the production? 4.

What technology did the Once-ler invent to increase the production of thneeds? 5. How did the thneed industry affect the physical environment (water, soil, etc) and the local plants and animals? Please be specific 6.

Byproducts are material or chemicals remaining after production of a product. a.

Name two boroducts that resulted fromName two byproducts that resulted from making thneeds. b. Were the byproducts that resulted from the making of thneeds helpful or harmful to the environment? What do we call these in economic terms? 7. 7.

Paragraph Answer: Look at the cover of the book and the current environment many years after production has ended. Why hasn't the environment returned to pre-thneed condition? 8.at least four paragraphs on what can happen to the environment if you were to a sequel to the book. This must include at least five vocabulary/concepts from the chapter (underline or bold font required). 9. 9. In the market for "Thneeds" identify and explain an example a negative externality and how a tax can correct for it. 10. In the market for

"Truffula Trees" identify and explain a positive externali and how a subsidy can correct for it. The explanation must address the over or under allocation of resources.