Which economic system is best suited for handling a crisis of epic proportions (hurricane, flood, blizzard, forest fire, etc.)? Why? (9 points)

Prepare a two- to three-page paper in APA style, sixth edition format, that describes, explains, addresses, and answers the following questions or statements.
Which economic system is best suited for handling a crisis of epic proportions (hurricane, flood, blizzard, forest fire, etc.)? Why? (9 points)
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. (9 points)
Use the laws of supply and demand to explain why the cost to heat our homes and businesses goes up in the winter time. Be sure to explain your answer fully. (9 points)
Include APA style in-text citations, as well as a reference section. (3 points)
Homework submissions should be typed in Word. Use 1-inch margins with 12-point type and double spacing. Proper spelling, grammar, clarity, and APA style for a business report will be considered in addition to concepts as part of the final grade. Use subheadings to separate major sections or concepts. The final paper should be between 500 and 750 words and be two to three pages in length. Submit your paper as an attachment in the Dropbox. Remember, your submitted paper must be your own work with appropriate citations for your resources. Please be sure to include in-text (parenthetical) citations any time research is included, in APA format, as well as a list of references for all sources.
An essay is a composition that is intended to be an analytical, interpretative, original response about the topics and examples in question. An appropriate response should fully answer all questions. It should be organized, have a purpose, and contain examples to support the purpose. There should be a clear introduction, body, and conclusion. Homework should be edited for grammar, spelling, typos, and correct punctuation. The writing style should demonstrate an understanding of the material assigned and integrate multiple points of view, using vocabulary reflective of the topics discussed over the course of the week.

Text Book: Business in Action
6th Edition
By Courtland L. Bovee, John V. Thill
©2013 Prentice Hall