As the City of Austin Has Grown It Has Spread

question 29

Multiple Choice

As the city of Austin has grown it has spread into the undeveloped land surrounding it. As a result, traffic is bad and wildlife turns up in residential neighborhoods. Austin is suffering from

• A) a lack of planning.
• B) urbanism.
• C) sprawl.
• D) wildlife takeover.

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Definitions:

Pooling Of Risk

The practice of spreading financial risks among a large number of participants, thereby minimizing the overall impact to any single participant.

Diversification

The strategy of investing in a variety of securities in order to lower the risk involved with putting money into few investments.

Flood Insurance Premiums

The payments made periodically to an insurance company in exchange for coverage against loss or damage caused by flooding.

Positive Correlation

A relationship between two variables where they move in the same direction, meaning as one variable increases, so does the other.