Natural Disasters are presented to us in various forms. Earthquakes‚ tsunamis‚ hurricanes‚ volcano eruptions and tornados have been the causes of many devastating events seen throughout history. Preparation is needed to increase the chances of overcoming the destruction of a natural disaster. but unfortunately‚ some disasters may occur without warning and often increase havoc in more ways than one. Effects on The Economy • Hurricanes and earthquakes can pose a threat to gas prices by damaging
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macroeconomics known as the Production Possibility Frontier is simple to understand. It is a method used to represent (in the form of a graph) the point in which an economy is producing its goods and services with efficiency. It also shows whether the economy is allocating their resources in the best way possible. If the economy is not producing the quantities indicated by the PPF‚ resources are not being managed efficiently and the production will decrease. The production possibility frontier also shows
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NATURAL DISASTERS A natural disaster is a major adverse event‚ which can cause loss of life or property damage‚ and typically leaves some economic damage. There are many types of natural disasters: avalanches‚ earthquakes‚ volcanic eruptions‚ floods‚ tsunamis‚ blizzards‚ droughts‚ hailstorms‚ tornadoes‚ wildfires. If an adverse event occurs in an area without vulnerable population‚ it will not have such disastrous consequences‚ as if it occurs in area of vulnerable population as in San Francisco
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Production Possibilities Curve (PPC) The Production Possibilities Curve (PPC) is used to show the economic concepts of scarcity‚ choices and opportunity cost. The PPC is a graphical representation showing maximum combinations of output (goods and services)‚ a nation can produce with limited economic resources in a fixed period time. Assumptions of the production possibilities curve: I. Only 2 goods will be illustrated II. The amount of resources is fixed III. State of technology
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are affected by natural disasters. These may be caused by climate change such as drought‚ flood‚ and cyclone‚ the environment such as pollution‚ deforestation‚ desertification‚ pest infestation or combinations of these‚ or the destroy of ozone layer will contribute to the green house effect. People’s homes are wiped out and livelihoods are destroyed. Poverty‚ population pressures and environmental degradation mean that increasing numbers of people are vulnerable to natural disasters. In Australia
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Introduction A natural disaster is a major adverse event resulting from natural processes of the Earth; examples include floods‚ volcanic eruptions‚ earthquakes‚ tsunamis‚ and other geologic processes. A natural disaster can cause loss of life or property damage‚ and typically leaves some economic damage in its wake‚ the severity of which depends on the affected population’s resilience‚ or ability to recover. An adverse event will not rise to the level of a disaster if it occurs in an area without
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Natural Disasters Throughout earth‚ the life of an average person can change because of one day’s events. Communities that had been established over numerous decades can become a pile of rubble in a matter of hours and even minutes. The effect of a natural disaster can change a community forever. A natural disaster is anything that causes harm or damage from nature. Natural disasters can strike any part of the world‚ sometimes predicted others not. Japan is the one of the countries‚ most affected
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Outline how the production possibility frontier can be used to demonstrate opportunity cost and examine how the effects of unemployment and technical change on production in the economy. A production possibility frontier is a basic model that can examine the efficiency of an economy’s resource use‚ irrespective of the wants of that economy. A production possibility frontier is the simplest tool usable to demonstrate opportunity cost‚ at all possible combinations of two goods in production‚ the extremes
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INTRODUCTION A natural calamities is a major adverse event resulting from natural processes of the Earth; examples include floods‚ volcanic eruptions‚ earthquakes‚ tsunamis‚ and other geologic processes. It can cause loss of life or property damage‚ and typically leaves some economic damage in its wake‚ the severity of which depends on the affected population’s resilience‚ or ability to recover. The earth’s wrath destroys everything in its stride. Usually it is at peace but once it unleashes its
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key points you can use in your essay. Why do Natural disaster occur : here you can include the reasons why natural disaster occurs. the reasons could be both man made and natural. i said man made because there is a theory called "Population theory of Malthus " where its stated that if the balance of population exceeds that of food supply many natural disaster would occur. you can google "Population theory of Malthus" for more details. and the natural ones could be earthquakes on which humans have
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