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A base case is not necessary for all recursive algorithms.
Flood Control System
Engineering and planning efforts designed to manage water flow and protect areas from flooding.
Expected Loss
The anticipated amount of loss in an investment, calculated as the probability of the loss occurring multiplied by the amount of the potential loss.
Coastal Town
A town located on or near a coast, often characterized by its relationship to the ocean and its impact on the local economy and culture.
Moral Hazard Problem
A situation in which one party engages in risky behavior knowing that it is protected against the consequences, usually by insurance or other safety nets.
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