Principles of Economics Assignment Example | Topics and Well Written Essays - 1000 words - 6

Principles of Economics - Assignment Example This is a factor that will result in students missing on the services and others will opt to park out of school wile others will be forced to use other means of transportation that are likely to inconvenience them more. Employed students will feel the pinch the most. Their time will be wasted with most of them opting for external parking. Unemployed students have adequate time to look for parking and if not for the rush to class, they will be the greatest benefactors of the lowered parking prices. Opportunity cost refers to the loss of one alternative when the other is chosen. 100 bats are equivalent to the production of 400 rackets. Producing an additional 100 bats will thus result in the loss of 400 rackets. The larger trade off is brought about by the equal rate of producing the two items in the second scenario. While the other will result in the loss of more rackets, the second scenario results in the loss of 100 rackets. This is more admissible than in the first case. f. Suppose Athletic Country is currently producing 200 bats and 200 rackets. How many additional bats could they produce without giving up any rackets? How many additional rackets could they produce without giving up any bats? (4 Marks) The production of equal number of the two simply results in equal number of either item in case of a trade-off. In this scenario, one bat or racket traded off results in the loss of one racket or bat preferred over the other. This type of production is efficient as it ensures effective returns for the capital invested. In case of an increased demand on either of the two, the firm simply halts the production of the other thereby maximising on the capital. In order to reduce smoking, the government places an additional tax of  £2 on a pack of twenty cigarettes. After one month, while the price to the consumer has increased a great deal, the quantity

A comparative study of extreme Islamic terrorist groups Essay - 1

A comparative study of extreme Islamic terrorist groups - Essay Example People who carry out terrorist activities never formally do not identify themselves as opponents nor are they controlled by any political entity (Roy Long, 2004, pp. 1-4). Terrorism is categorized between ideological, national and religion. The reasons behind the terrorist attacks are political domination, religious fanaticism and divine revelation (Durmaz, 2007, p.209). The trauma of terror created by the terrorist has a huge impact on the United States. United States of America is known as a very powerful country in the world especially with respect to its military base. U.S.A has reacted very strongly against the act of terrorism and has taken all measures to prevent them. The United States faces homeland insecurity, owing to terrorism and its impact on American society. Terrorism was prevalent in the world from many decades but in a very small form. But the perception towards terrorism largely changed after the September 11 incident that occurred in United States in the year 2001. It shocked the entire world especially the people of America started suffering from homeland insecurity. United States took a drastic step in reforming laws and policies. Several government agencies were combined to build the Department of Homeland Security. Millions of dollars were spent for the formation of the U.S Patriot Act which helps in ferreting out prospective criminals and terrorist acts. Current anti terrorism laws which initiated around the world started after the September 11 incident. United States was attacked by the terrorist group called al-Qaeda. This group is mostly famous for its fanaticism and violent approach of terrorism. This group mostly acts on the basis of religious inspiration rather than political philosophy. The countries that have already ex perienced terrorism, mostly accuses individuals for criminal offence than politicized crime. Before 9/11, U.S.A had