Answer to Question #331426 in Economics for Vtg

Question #331426

Global warming is becoming a serious problem for mankind. According to the Coase Theorem government should leave this matter to the market to solve. Do you agree? Argue your case with the aid of economic theory.


1
Expert's answer
2022-04-20T13:38:03-0400

Global warming is a negative economic externality. Currently, there is no market for this issue. It is only to be created in the form of tradeable carbon quotas. Only after this market forces will be able to start solving the issue of global warming.


Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be the first!

Leave a comment

LATEST TUTORIALS
New on Blog
APPROVED BY CLIENTS