One Possible Feedback Effect of Global Warming That Could "Run

question 10

Multiple Choice

One possible feedback effect of global warming that could "run away" unpredictably is

• A) warming leading to decreased cloud cover leading to further warming.
• B) ozone depletion that allows more ultraviolet to strike Earth, leading to further ozone depletion.
• C) melting Arctic ice leading to increased absorption of radiation leading to further warming.
• D) warming of the Pacific ocean stops the El Niño phenomenon which leads to further warming of the Pacific.

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Definitions:

Lois's Consumer Surplus

Generally refers to a consumer surplus but appears to erroneously attribute it to an individual named Lois; consumer surplus is the difference between what consumers are willing to pay for a good or service versus what they actually pay.

Willingness to Pay

The maximum amount an individual is prepared to spend for acquiring a good or service, reflecting their valuation of the item.

Consuming Benefit

Consuming benefit pertains to the utility or satisfaction a consumer derives from purchasing and using a product or service.

Consumer Surplus

The disparity between the price consumers are inclined to pay and what they truly disburse for a good or service.