Mitigation Seeks to Do Which of the Following

question 13

Multiple Choice

Mitigation seeks to do which of the following?

• A) Reduce the impact of disasters
• B) Eliminate risk to people and property from hazards or their effects
• C) Both a and b
• D) Neither a nor b

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Definitions:

Marginal Benefit

Benefit from the consumption of one additional unit of a good.

Incentivized

Encouraged or motivated through the offering of incentives or rewards to perform a particular action or behavior.

Recession Of 2008

A severe global economic downturn triggered by the collapse of the housing market and financial institutions, leading to widespread job losses and economic instability.

Housing Bubble

A situation in the real estate market where house prices are driven to levels way beyond their true values due to excessive demand, speculation, or unsustainable economic factors, eventually leading to a sharp decline.