SCIN140 ForumRespond to the following case example of a conflict of interest regarding economics and

SCIN140 ForumRespond to the following case example of a conflict of interest regarding economics and environmental regulations OR choose a specific case example of your own (e.g., gas drilling in a wilderness area, a specific endangered species on forest land, predator reintroduction to public land, etc.)Case Example Clean Air Act (CAA): Berg et al. (2011), Chapter 8 describes the U.S. Clean Air Act (CAA) and some of its success and failures. Industry often criticizes required environmental air quality regulations under CAA as too expensive and a hurdle to economic progress. In early 2011 under a court order and pressure from Congress, the U.S. Environmental Protection Agency was mandated to make air pollution compliance less expensive for industry.Using the Case Example of Clean Air Act or a specific example of your own, address someof the following questions in your discussion of economic development versus environmental regulation:What is the environmental/economic conflict in your opinion?What are the specific values, politics, and economics that come into play?Do you feel relaxation of environmental regulation is necessary for continued economic development?Does the U.S. have a competitive disadvantage because of environmental regulations?In the specific example you chose, do the advantages of environmental regulations (e.g., reduction in air pollution, water pollution, limitation on harvest of natural resources, etc.) outweigh any competitive gain?