_____________ Is a Computer Modeling System That Can Be Helpful

question 6

Multiple Choice

_____________ is a computer modeling system that can be helpful in creating maps and gathering and analyzing data for many of the steps in the risk assessment process.

• A) GPS
• B) HAZMAT
• C) SIMS
• D) HAZUS

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Definitions:

Demand

The quantity of a product or service that consumers are willing and able to purchase at various price levels, at a given point in time.

Supply

The total amount of a good or service available for purchase at any given price.

Surplus

The situation where the quantity of a good or service supplied exceeds the quantity demanded, often causing downward pressure on price.

Shortage

Situation in which the quantity demanded exceeds the quantity supplied.