Economics 247 Assignment 1 Version A This assignment has a maximum total of 100 marks and is worth 10% of your total grade for this course. You should complete it after completing your course work for Units 1 through 5. Answer each question clearly and concisely. 1. a. 3/3Define opportunity cost‚ and explain its importance in economics. (3 marks) -The opportunity cost of something is what you must give up of one thing‚ in order to get it. Opportunity cost is a key concept of
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Disaster Strikes Hindenburg No More The Hindenburg disaster took place on Thursday‚ May 6‚ 1937‚ as the German passenger airship LZ 129 Hindenburg caught fire and was destroyed. The source of how the fire started is till today being debated. The occupancy of the aircraft was 36 passengers and an additional 61 crew members . The fatalities of this disaster was totaled at 36 people‚ which included 13 passengers and 23 crewmen. This unpredictable tragedy sparked fear in people and in turn ending
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The National Disaster Management Authority (NDMA)‚ headed by the Prime Minister of India‚ is the Apex Body for Disaster Management in India. The setting up of the NDMA and the creation of an enabling environment for institutional mechanisms at the State and District levels is mandated by the Disaster Management Act‚ 2005. Contents [hide] • 1 Evolution of NDMA • 2 Roles and Responsibilities • 3 Organisation • 4 National Disaster Response Force (NDRF) Evolution of NDMA Emergence of an organization
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ECONOMICS CHAPTER 1- INTRODUCTION TO ECONOMICS ● Assumed 3 decision makers- consumers (households) – that sell land‚ labour‚ capital & entrepreneurship and firms- that pay rent‚ wages‚ interest and profits (rewards for above factors of production ) firms then use the factors to produce G/S in return for payment from consumer. Govt imposes taxes on individuals and (income tax) and firms (corporate tax) to provide infrastructure and other services to community ● Econon’s 2 basic assumptions
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Managerial Economics Final Project Fajwa’s Apparel Outlets Iqra Fayyaz (10223004) Malik Usman Khan (10223001) Sufyan Adil (10223024) Jabbar Ahmed(10223006) Mohd. Salman (08110104) Instructor: Dr. Tasneem Akhtar GIFT Business School GIFT University ACKNOWLEDGMENT In the name of ALLHA ALMIGHITY the lord of the world who has bestowed us with abilities and blessed with knowledge so that we can make best of opportunities provide to us. First of all we are indebted toward ALLHA ALMIGHTY
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2013 Author: Daniel Smith – 5549426 Title: The Analysis of BP and the Deepwater Horizon Disaster of 2010 Due Date: 5/5/13 Word Allocation: 2193 excluding executive summary‚ headings‚ tables‚ references and appendices Executive Summary This report provides an examination into British Petroleum (BP) and the Deepwater Horizon disaster of 2010. It looks specifically at the functional area of organizing from POLC and the framework
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exposure when the currency cannot be hedged Currency Diversification- this can limit the potential effect of any single currency’s movements on the value of an MNC. 3) Compare MNC capital budgeting to domestic capital budgeting. Talk about economic exposure. MNC capital budgeting‚ like domestic capital budgeting‚ focuses on the cash flows of prospective long-term investment projects. They use the same NPV discounted cash flow model. However MNC is more complex because of the following
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I vividly remember the day of the Challenger Disaster. I was five years old and in kindergarten. My teacher‚ Ms. Epton‚ brought us outside to watch the shuttle launch; something many kids have to watch on television‚ but those of us living on the coast got to witness firsthand. I remember seeing the fiery glow of the shuttle‚ the gasps by the adults‚ and quickly being hurried back into the classroom. Not much was said about what had happened‚ it was not until later that I fully understood. Space
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Economics Answers Define the following terms: 1) Public goods are goods that when produced can be freely consumed by anyone‚ for example the justice system. They are made up of the following goods‚ non-exclusive and non-rival. Non-exclusive goods are goods that people cannot be excluded from consuming‚ it is difficult or impossible to charge for its use which implies no private market as benefits cannot be denied to those who refuse to pay‚ for example public TV. Non-rival goods or
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rationale for allowing two integrated resorts to be built in Singapore. Why was there this change in policy? Question 2: Explain the economic impacts of the integrated resorts. Expected Economic Benefits from Integrated Resorts When the idea of building Integrated Resorts in Singapore was first introduced to the citizens‚ the government measured the expected economic benefits and social problems the Integrated Resorts would bring about. After much consideration‚ the government proceeded to build
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