When disasters hit an area the cost of everything--food

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Reference no: EM13395467

1.No one can predict a natural disaster or world crisis. When a hurricane or flood or a pandemic strikes a country, who is most likely to respond first? Which economic system is the best solution for handling a crisis of epic proportion?

2. What advantages might a socialist system have in responding to the needs of people struck by an emergency situation like the earthquake that occurred in Haiti in January of 2010?

3. When disasters hit an area, the cost of everything--food, water, housing, gas and so forth--seems to go up immediately. Explain why this phenomenon may be a good thing, using the laws of supply and demand to explain your answer.

4. L ist your references according to APA guidelines in the space below. You are required to use at least one outside source to support your viewpoint, and this source can be the textbook.

Reference no: EM13395467

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