Brady Owns a Beachfront Lot with a Small House

question 148

Multiple Choice

Brady owns a beachfront lot with a small house.During hurricanes,he refuses to leave and afterward he applies for government assistance to rebuild and files insurance claims for damages.By doing so,Brady is

• A) increasing his economic surplus without harm to others.
• B) imposing an external cost on himself.
• C) imposing an external cost on rescue workers,taxpayers,and insurance policy holders.
• D) treating his property as common property.
• E) in a positional arms race.

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Definitions:

Historical Data

Information and data points collected from past events which are used for analysis to recognize patterns, trends, and to predict future outcomes.

Repository

A central location where data is stored and managed.

Data Marts

A subset of a data warehouse that is focused on a particular subject or department within an organization, used to provide data for specific analyses.

Data Warehouses

Data warehouses are centralized repositories of integrated data from one or more disparate sources. They store current and historical data in one single place that are used for creating analytical reports.