Examlex

Solved

Why Was There Greater Loss of Life in Haiti's 2010

question 76

Multiple Choice

Why was there greater loss of life in Haiti's 2010 magnitude 7.0 earthquake where 220,000 people died than in Chile's 2010 magnitude 8.8 earthquake, where about 800 people died?


Definitions:

Future Value

The value of a current asset at a specified date in the future based on an assumed rate of growth.

Market Rate

The prevailing interest rate available in the marketplace for loans, savings, and investments, often determined by the forces of supply and demand.

Expected Profit

The anticipated financial gain from a business venture or investment, considering both potential risks and rewards.

Current Cost

The cost of purchasing an asset or service at the present time, considering the most recent market values.

Related Questions