Opportunity Cost

1. Although there are many example of cost opportunity in my everyday live, the one that i experience the most relates to school: to actually do my homework or spend that time doing something else instead. Even though it may not be the most significant decision I've had to make, it still has a huge impact on my life. I could be doing homework and retaining the information or I could be watching Thursday night's new TV episodes, even though the decision is an easy choice, sometimes it is worth it to have a day off and not worry about homework. The gain of choosing homework is having your work done, potentially giving you time for TV later, and also helps reassure you of what you are learning. Doing something else may benefit you by giving you the time to think, maybe reading a book or watching a movie. This is not the most significant example yet has a domino effect on my life. I believe that the risk, in this situation, should not be taken. I would rather get what I need to done and have that dictate the time I have for the free time I have. Opportunity Cost when it comes to money has a much bigger ripple through lives, yet this concept can still be implemented to almost any everyday situation.

2. In the future I will come across many positive and negative Opportunity Costs. One example is having to choose a job. After college is over searching for a job will become a number one priority. Having two jobs in mind I will have to decide which one I like better, comparing both pros and cons, and which one will benefit me the most in the long-run. Having to decide is I want the job that meets by requirements better or the one that gives better overall coverage seems to be very difficult. Not knowing how either job choice will unravel leads to a major decision in Opportunity Cost.

Ideal Form of Government Argument

        Monarchy, being the ideal form of government, provides a much more effective, stable, and organized approach towards the intricate ruling of a country. From birth the future King or Queen is bred for the throne. Rather that an elected official, the head of state in a monarchy knows what to expect and how to react in many difficult situations demanded by the position. In stead of someone who does not have any experience in heading a country, a monarchy provides someone with as much experience as possible. With this knowledge, the 'ruler' gives the country a sense of stability, knowing what they are getting themselves into and knowing that trusting them to make the right decisions is a very valid option.  As Walter Bagehot said, "The best reason why Monarchy is a strong government is, that it is an intelligible government. The mass of mankind understand it, and they hardly anywhere in the world understand any other". Having the power to be able to know and trust the future ruler before they become the head of the state gives the public a stronger, more united feeling towards the government and what it can do. Also, having to rule for the duration of their lifetimes, the pressure to make the best decisions for the country and to please the people is very high; this creates the King / Queen to think their decisions through and make sure their country and people will benefit from the change. A King or Queen of a monarchy brings the best aspects of ruling a country and combines them. Monarchy, power held by a single person, is the best form of government.