Namibia Regional Economics: FIN-111 Assignment 1 Question 1 a) Opportunity and sunk cost Opportunity cost is the value of the next best alternative that must be sacrificed when you make a choice and it applies everywhere. For Example: If a person chooses to use vacation time to travel rather than to do renovations on the house. Thus‚ the opportunity cost of the tour could be said to be the forgone home renovations. Sunk costs are costs that were incurred in the past and
Premium Economics Economic system Economy
2. Raj wants to audition for a local rock band. He plays guitar but is also a good drummer. The band plays gigs all over the city and therefore Raj would need a car to transport his drum kit around with him to gigs. Raj does not have enough money to buy a car and consequently it might be better if he auditioned on guitar. 3. Coffee contains caffeine‚ which is a stimulant. Taking any stimulant before going to bed stops you from sleeping soundly and so drinking coffee before going to bed will
Premium Argument Logic Critical thinking
production facility in food production.[1] Farms may be owned and operated by a single individual‚ family‚ community‚ corporation or a company. A farm can be a holding of any size from a fraction of a hectare[2] to several thousand hectares Types of farms A business producing tree fruits or nuts is called an orchard; a vineyard produces grapes. The stable is used for operations principally involved in the training of horses. Stud and commercial farms breed and produce other animals and livestock. A
Premium Mountain
illustrate the different settings as a visual introduction. Family In your assignment consider these questions Why are parents and primary carers of children important? What are the different types of parenting styles? (authoritarian‚ Permissive and authoratitive) What do we mean about good enough parenting? What are the different types of family structures? Class tasks 1. Read pages 328/9 in Tassoni‚ P. et al (2007) Child care and education and write notes on the different types of family
Premium Family Kindergarten Nursery school
All types of play are crucial for children’s development and early learning. Play helps children to; improve physical skills and co-ordination‚ work co-operatively and collaboratively‚ use all their senses to discover and explore their environment‚ and develop their imagination‚ creative thinking and ability to problem solve. All children begin by playing alone. Solitary play then transforms into parallel play (playing alongside peers) and imitative play (that may involve peers). Finally‚ there
Free Learning Play
knowledge and skills. According to Howard Gardner are nine types of intelligence: visual‚ verbal‚ logical‚ bodily‚ musical‚ interpersonal‚ intrapersonal‚ and naturalist. Visual intelligence involves visual perception of the environment‚ the ability to create and manipulate mental images‚ and the orientation of the body in space. Verbal intelligence involves reading‚ writing‚ speaking‚ and conversing in one’s own language or a different language. Logical intelligence involves number and computing
Premium Theory of multiple intelligences
Different Types Of Software. SOFTWARE It is a collection of computer programs and related data that provide an instruction to the computer and tell computer that what to do. There are three types of software. 1. System software 2. Application software 3. Programming software. System software System software is a computer software that is designed to operate the computer hardware‚ to provides the basic functionality and also used for
Premium Computer Computer software Computer program
Different Types of Students Receiving an education can be a fulfilling experience. Students adapt to their own ways of learning and this results in a variety of different personalities. As a student myself‚ I’ve noticed traits that tend to emerge for different types of students and have thus I have categorized them as: the suck ups‚ those that just want to pass‚ and the sweaty try-hards. The first type of student is the suck up. One of the most noticeable aspects of this type of student
Premium Education Learning Study skills
Part A For a contract‚ it is necessary to decide what the parties have agreed‚ otherwise it is not possible to know whether the parties have done what they contracted to do. However‚ not all the statements made during negotiations are contractual terms. Therefore‚ here to discuss terms of the contract. Terms of the contract According to James (2010)‚ the terms of the contract are the specific details of the agreement‚ including each party’s rights and obligations. Broadly speaking‚ there are
Premium Contract Sale of Goods Act 1979 Contractual term
The major cause is the wars and politics; also religion and personal rights make Syrians life very hard. Economy and education are the minor element pushed Syrians to look for another opportunities in other countries. In my opinion‚ Syrians went through horrible experiences when they left their country‚ and moved from one country to another with different language‚ traditions‚ and
Premium Syria Immigration Immigration to the United States