Which of These Is TRUE of Disasters

question 25

Multiple Choice

Which of these is TRUE of disasters?

• A)They are solely caused by natural phenomenon.
• B)The response to them is typically quick and effective.
• C)They have been eliminated with technological upgrades in building codes.
• D)The Challenger Shuttle incident is an example of a disaster.

Comprehend the importance of social justice within the context of sustainable development and corporate responsibility.

Understand the concept of balance and sustainability in socio-economic development and how collaboration among stakeholders is crucial for achieving sustainable business initiatives.

Know the role of businesses, communities, and governments in scaling sustainable business practices and making them profitable.

Analyze the challenges and criticisms related to implementing universal standards in sustainability across different nations.

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Definitions:

Marginal Rate

The marginal rate refers to the rate at which one quantity changes with a slight increase in another quantity, often used in economics to discuss changes in tax, cost, or benefit.

Indifference Curve

A graph showing different combinations of two goods among which a consumer is indifferent, reflecting preferences for consumption.

Income Effect

How shifts in someone's or an entire economy's income level influence the demand for goods or services.

Indifference Curve

A graph representing different bundles of goods between which a consumer is indifferent, showing the trade-offs in consumption preferences.