Explain why the cost to heat our homes and businesses rises

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1. Which economic system is best suited for handling a crisis of epic proportion (hurricane, flood, blizzard, forest fire, and so forth)? Why?

2. Describe and explain why a socialist system might be the best in responding to the needs of people struck by an emergency situation like the earthquake that occurred in Haiti in January 2010.

3. Use the laws of supply and demand to explain why the cost to heat our homes and businesses goes up in the winter time.

Reference no: EM13182665

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