True or false? Burning fossil fuels contributes to global warming. Thus, it makes sense for the government to place a tax on the burning of fossil fuels. (Click to select)

Why?

Global warming is a positive external. The positive externalizes associated with global warming far outweigh the negative externalizes. so the government should subsidize the burning of fossil fuels.

Global warming is a negative externalize. The market places no price on emitting carbon-dioxide gas even though these emissions impose a cost on society

Global warming is a public good Since clean air is a public good and is under provided in the market. government should provide this good

Global warming is an information problem issue Given enough time the market will become efficient

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True Global warming is a negati... View the full answer