In 2005 Hurricane Katrina Devastated Large Portions of the Gulf

question 54

Multiple Choice

In 2005 hurricane Katrina devastated large portions of the Gulf Coast economy.Many refineries went offline disrupting oil refining and distribution.What do you think was a likely result?

• A)the restricted supply constituted a cost push shock that would have shifted the long run AS curve to the right
• B)the restricted supply constituted a cost push shock that would have shifted the short run AS curve to the left
• C)the restricted supply constituted a cost push shock that would have meant an upward movement along the Phillips curve
• D)all of the above
• E)none of the above

Identify the economic motivations behind European exploration and colonization, including the search for wealth and resources.

Assess the significance of technological advancements and their role in the exploration and colonization of the Americas.

Explain the sociopolitical structure of European colonizers in America, focusing on the Spanish Empire.

Elucidate the concept and significance of the Columbian Exchange, including its impact on global trade, agricultural practices, and populations.

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Definitions:

Charismatic Leadership

Leadership style based upon the leader’s (perceived) possession of charisma.

Personality Trait

Characteristic patterns of thought, emotion, and behavior that are relatively stable over time and across different situations.

Whole Cultures

Whole cultures encompass the comprehensive way of life, including the arts, beliefs, customs, institutions, and all other products of human work and thought characteristic of a community or population.

Leader Schema

A mental model or framework that individuals use to understand and categorize leadership behaviors and traits.