Final answer:
In "The Cold Equations," the plot element exemplified is the Climax, due to the story reaching its peak of tension and pivotal decision that shapes the outcome.
Step-by-step explanation:
The plot element exemplified in "The Cold Equations" is Climax. This is because the story reaches its highest point of tension and conflict during the critical moment when the reality of the cold equations is confronted. The narrative leads to a situation where a decisive and irreversible action is taken by the protagonist, which directly affects the outcome of the story. The Climax is the turning point of the narrative, shaping the story's culmination and is the central event where the conflict comes to a peak.