Recall the Application About the Increase in Purchases of Hybrid

question 17

Multiple Choice

Recall the Application about the increase in purchases of hybrid vehicles to answer the following question(s) .
-According to the Application, the average cost of abating one ton of CO₂ emissions through the hybrid subsidy is $177, but a switch from coal to natural gas in power plants would reduce CO₂ emissions at less than one-third the cost of the hybrid subsidy. The increase in cost associated with the reduction of one ton of CO₂ emissions (assuming that each unit of CO₂emissions is measured in tons) describes the economic concept of

• A) using assumptions to simplify.
• B) ceteris paribus.
• C) marginal thinking.
• D) rational self interest.

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Definitions:

Kit Carson

An American frontiersman and soldier who played a key role in the westward expansion of the United States, but whose actions also contributed to the displacement of Native American tribes.

Navajos

are a Native American people of the Southwestern United States, known for their rich cultural traditions, art, especially weaving, and their history of resilience and sovereignty.

Union Troops

Soldiers who fought for the Northern states during the American Civil War.

New Mexico Territory

The New Mexico Territory was an organized incorporated territory of the United States that existed from 1850 until 1912, when the remaining portion of the territory was admitted as the state of New Mexico.