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Unformatted text preview: themselves from a major financial loss they cannot afford. The insurance company that collects the premium pays for covered losses. Mitigation (p8): Changes in an environment to minimize loss from a disaster. Overlap (p6): Cyclic events can overlap to amplify the damage in a disaster. Plate tectonics (p5): The theory that lithosphere plates that move relative to one another collide in some places, pull apart in others, and slide past one another in still others. These movements cause earthquakes and volcanic eruptions as well as build mountain ranges. The theory is supported by a wide range of data. Risk (p6): The chance of an event multiplied by the cost of a loss from such an event. Underdeveloped countries (p8): Poor countries with a large proportion of the population living in poverty and small proportions of both middle class and wealthy....
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This note was uploaded on 04/16/2008 for the course ISP 203B taught by Professor Mackey during the Spring '07 term at Michigan State University.
- Spring '07