1. Which of the following ways can lead market failure to serious environmental harm?
a. Creating abundant markets to create a price for important social goods b. Making no distinction between individual decisions and group consequences c. Inexistence of externalities in the economic exchange system d. Assigning property rights to unowned goods.
2. The possibility that the economy cannot grow indefinitely is simply not part of the:
a. three pillars of sustainability approach. b. circular flow model. c. triple bottom line approach. d. bilinear model.