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

Global warming is a positive externality. The positive externalities associated with global warming for outweigh the negative externalities, so the government should subsidizethe burning of fossil fuels.

Global warming is a negative externality. 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 clear air is a public good and is underprovided 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