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Describe the difference between mitigation and adaptation as strategies that can be used to deal with global climate change. Discuss the strengths of each strategy and give two examples of each strategy can be implemented.
Call Option
An agreement that grants the purchaser the flexibility, without the necessity, to acquire a stock, bond, commodity, or different asset at an agreed price during a definite timeframe.
Fixed Price
A specific price point that does not change over time, often set for products, services, or agreements.
Asset
An economic resource owned or controlled by an individual or company, expected to produce future benefits.
Strike Price
The specified price at which an options contract can be executed, determining the buying or selling price of the underlying asset.
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