The use of government to supplant market outcomes is called

Market failure happens when a market does not generate the most efficient outcome

Indicate whether the statement is true or false

Which of the following was an important reason why the United States did NOT sign the Kyoto Protocol?

a. It believed that exemptions for some of its major developing country trading partners (such as China and India) were unfair. b. It believed that Europe's targets were set ridiculously low. c. It believed that pollution does not cause global warming. d. It believed that targets for some of its major developing country trading partners (such as China and India) were too low.