General Circulation Models

question 26

Multiple Choice

General circulation models

• A)do a good job of reproducing many aspects of today's large-scale climate.
• B)do a poor job of reproducing many aspects of today's large-scale climate.
• C)cannot successfully simulate observed seasonal patterns of air temperature.
• D)cannot successfully simulate observed seasonal patterns of rainfall.

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Definitions:

Common-value Auction

A type of auction wherein all bidders have the same valuation for the item for sale, but they have different information about the item’s actual value.

Exact Value

The precise numerical quantity or measurement without approximation.

Estimate

To make an approximate judgment or calculation of the value, number, quantity, or extent of something.

Winner's Curse

A phenomenon that occurs in auctions where the winning bidder pays more than what the item is actually worth, usually because of incomplete information or misjudgment.