No. $\{(0,0)\}$ is not a subspace of $\mathbb{R}^3$.
A subspace must be a subset of its parent vector space.
Now, $\{(0,0,0)\}$ is a subspace of $\mathbb{R}^3$ and $\{(0,0)\}$ is a subspace of $\mathbb{R}^2$, but $\{(0,0)\}$ is not a subspace of $\mathbb{R}^3$.
As for your other question, a subspace's dimension cannot exceed its parent's dimension, but it by no means must be equal to it.
For example: The subspaces of $\mathbb{R}^3$ are...
$\mathbb{R}^3$ itself (every vector space is a subspace of itself).
Any plane through the origin is a 2-dimensional subspace of $\mathbb{R}^3$.
Any line through the origin is a 1-dimensional subspace of $\mathbb{R}^3$.
The origin itself, $\{(0,0,0)\}$ is the 0-dimensional subspace of $\mathbb{R}^3$.
Why must the dimension of a subspace not exceed the dimension of it's parent? It's essentially because any linearly independent subset (like a basis for a subspace) can be extended to a basis for the whole vector space.
Edit: Coordinates written down to represent a subspace $\not=$ the dimension of the subspace.
Example: $W = \{(c,2c,3c)\;|\; c \in \mathbb{R}\}$ is a subspace of $\mathbb{R}^3$. Now, yes, elements of $W$ are 3-tuples, but this does not make $W$ itself 3-dimensional.
Think of "dimension" as meaning the minimum number of parameters needed to describe the subspace, so for $W$ this is "1". Notice that $W$ consists of multiples of $(1,2,3)$. This means that $\{(1,2,3)\}$ is a basis for $W$ and thus (since the basis has only 1 element), $W$ is a 1-dimensional subspace of $\mathbb{R}^3$.
Now what if all you know is the world of $W$? Then you really don't need a 3-tuple to know who you are. Instead of saying, "Hey I'm $(2,4,6)$." You could just say, "Hey I'm 2." (as long as everyone knows that's shorthand for $2(1,2,3)=(2,4,6)$.
Another analogy is like driving on a highway. If someone asks you where you are on I-40 in North Carolina, you don't need to give them your latitude and longitude. You could just say, I'm at mile marker 319. Even though the highway is a 3-dimensional thing (going different directions at different altitudes) in some sense (internally) it's really 1-dimensional. That internal kind of dimension is the one being discussed here.
I hope this helps!