Suppose There Will Be Global Catastrophe Unless We Hold Total

question 161

Multiple Choice

Suppose there will be global catastrophe unless we hold total carbon dioxide emissions at or below 35 million tons per year. As a result, each person on Earth is allocated 10 pounds of untradable emissions permits per year. Why would this be an inefficient solution?

• A) Flexibility is not desirable.
• B) Transaction costs are very high.
• C) Everybody has the same cost of emissions abatement.
• D) Different people have different costs of emissions abatement.

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Definitions:

Incongruence

A state where there is a mismatch between one's perceived self and the ideal self, often leading to discomfort and psychological distress.

Carl Rogers

An influential American psychologist who founded the humanistic approach to psychology and developed client-centered therapy.

Self-monitoring

The process of paying attention to one's own behavior and its effects on others.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow that categorizes human needs into a five-level pyramid, with basic needs at the bottom and self-actualization at the top.