Answer:
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1. Landslides, sea levels rising, tornadoes, and wildfires.
2. The potato crops got a disease making them inedible.
Environmental changes are changes in the environment that can be because of human influences or ecological processes. They include natural disasters and human interferences.
ANSWER: THE SPECIAL-INTEREST EFFECT.
EXPLANATION: The act of seeking public funds for financing projects that produce numerous gains or benefits for a concentrated number of individuals, thereby imposing small costs on a relatively large number of individuals is referred to as SPECIAL-INTEREST EFFECT.
This proposition is often practiced by government, whereby they incorporate projects with funds from numerous cost bearers and the projects are ultimately enjoyed by few beneficiaries.
A government expenditure multiplier is larger than the tax multiplier.
<h3>What is
tax multiplier?</h3>
The fiscal multiplier is the ratio of change in national income caused by a change in government spending in economics. The exogenous spending multiplier, in general, is the ratio of change in national revenue caused by any autonomous change in spending.
The tax multiplier is used to calculate the maximum change in spending when the government raises or lowers taxes. This multiplier's formula is -MPC/MPS. Tax multipliers are always fewer than spending multipliers.
The tax multiplier indicates the eventual rise in real GDP that will occur as a result of a tax adjustment. Surprisingly, the tax multiplier is always one less than the spending multiplier.
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