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:

Ventromedial Cortex

A region of the brain associated with decision-making, emotional responses, and the processing of reward and fear.

Anterior Cingulate Cortex

A region of the brain involved in functions such as decision-making, emotion, and impulse control.

Lateral Hypothalamus

A region of the hypothalamus involved in regulating hunger and thirst.

Abraham Maslow's

Abraham Maslow's work in psychology emphasized the importance of focusing on the positive qualities in people, as opposed to treating them as a 'bag of symptoms'.