What is a market failure? Give an example of how a government can correct a market failure. Define economic growth. What is a high-throughput economy? Distinguish between economic development and...

What is a market failure? Give an example of how a government can correct a market failure. Define economic growth. What is a high-throughput economy? Distinguish between economic development and environmentally sustainable economic development. Compare how neoclassical economists and ecological and environmental economists view economic systems. What is the general assumption underlying the models of ecological economists? What is a steady-state economy? Summarize the evidence that indicates we are living unsustainably