The Discovery That the Amount of Solar Radiation Received at Any

question 11

Multiple Choice

The discovery that the amount of solar radiation received at any latitude on the Earth's surface varies over scales of several thousand years or more and can be accurately predicted was made by ____________.

• A) Einstein
• B) Keeling
• C) Yankovich
• D) Milankovitch

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Definitions:

Equity

Fairness; everyone gets his or her fair share. Since people can disagree about what is “fair,” equity is not as well defined a concept as efficiency.

Rational Decision

The choice made by logically considering all available information, potential costs, and benefits to achieve the optimal outcome.

Bounded Rationality

A concept suggesting that decision-making is limited by the information available, cognitive limitations of the mind, and the finite amount of time available to make a decision.

Opportunity Costs

The potential benefits or profits lost when choosing one alternative over another, representing the cost of forgone opportunities.