Mitigation Is the Ongoing Effort to Lessen the Impacts of Disasters

question 20

True/False

Mitigation is the ongoing effort to lessen the impacts of disasters on people and property through pre-disaster activities.

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Definitions:

Economic Income

The total value of all earnings received over a period of time, including wages, rental income, interest, and profits.

Consumption

The usage of goods and services by households, including the actions of selecting, purchasing, using, and disposing of products.

Double Taxation

The levy of tax by two or more jurisdictions on the same declared income (in the case of income taxes), asset (in the case of capital taxes), or financial transaction (in the case of sales taxes).

Tax Base

The assessed value of all taxable income, property, assets, or other items that a government can tax.