Please refer to PDF for questions + reading material.

To answer question #1: Refer to the "Tol 2008" and “Tol notes” PDF to answer question 1.

Use public policy + economics knowledge + research to answer questions 2, 3, 4 & 5.

Questions 4 & 5 are longer answer questions (approx 300 words each)

Note:  I partially answered question 4 and 5 (green color text), please elaborate further on the information provided and answer the questions fully.