1.7 [related to the Economics in Practice on p. 363] The Economics in Practice suggests that economists often distinguish between short-run and long-run effects of policies or actions when adjusting to environmental disasters.

Research a recent environmental disaster (such as the New England blizzard in early 2015, Hurricane Sandy in 2012, the 2015 earthquake in Nepal, or the BP oil spill in 2010.)

Explain the major environmental impact the disaster had on the affected area, how long you think it will take for the area to recover from the disaster, and why you believe the adjustment to the disaster will take either a relatively short or long time.