| |Higher 1 | ECONOMICS 8819/01 Paper 1 1 September 2011 3 hours Additional Materials: Answer Paper READ THESE INSTRUCTIONS FIRST Write your name‚ index number and CT class on all the work you hand in. Write in dark blue or black pen on both sides of
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1.1 Current Childminding Legislation The following is an overview of the current legislation which has an affect on childminders‚ parents and children. Equality Act 2010 The act replaced previous anti-discrimination laws with a single act to make the law simpler and to remove inconsistencies. The act covers nine protected characteristics. The characteristics applying to home-based childcare include disability‚ race‚ religion or belief and gender. Childcare Act (2006) The act lays
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2. Why isn’t money consider a capital in economics? Capital is a physical asset‚ which can be used to produce goods and services. Money is related to capital‚ in that it can be used to purchase capital‚ but it is not itself capital. The distinction is important if you consider that money can be created or destroyed through the expansion or contraction of credit‚ but this does not create or destroy any real capital. Money is capital. Money is the most common form of capital. Raising capital money
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Perfect competition A perfectly competitive market is a hypothetical market where competition is at its greatest possible level. Neo-classical economists argued that perfect competition would produce the best possible outcomes for consumers‚ and society. Ex:- Wheat‚ rice Key characteristics Perfectly competitive markets exhibit the following characteristics: 1. There is perfect knowledge‚ with no information failure or time lags. Knowledge is freely available to all participants‚ which means
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unstable systems. high high Immobility You cannot reuse parts of the code in other projects because of involved risks and high effort. Boy Scout Rule Leave the campground cleaner than you found it. Responsiveness to change Root Cause Analysis Always look for the root cause of a problem. Otherwise‚ it will get you again and again. Micro Layers Do not add functionality on top‚ but simplify overall. actual Cost of Change (CoC) Responsiveness CoC Viscosity of Design Taking
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Title: TOURISM AND ITS CURRENT TRENDS INTRODUCTION : Started as a private initiative to promote the Philippines as a major travel destination‚ the Philippine Tourist & Travel Association was organized in 1950. In 1956‚ the Board of Travel and Tourist Industry was created by Philippine Congress. As stipulated in the Integrated Reorganization Plan in 1972 sanctioned as a law under Presidential Decree No. 1‚ as amended‚ the Department of Trade and Tourism was established‚ reorganizing the then Department
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fries? • Is the CFO correct in assessing that the main business of the company is to compete with other burger companies? • What do you think of the current suggested strategy that McDonald’s develop a healthy line because this will continue to attract people whose main demand is burgers and fries? • Do you think that the current socio---economic demographics will continue to positively react to the McCafe’s? What would you suggests as strategies or main strategy for Mc? I dont think there is
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to keep the shareholders happy. There are many laws in place that are supposed to keep the bad apples in check such as the Sarbanes-Oxley act of 2002 and GAAP. Changes like these acts are necessary to protect the current system. However‚ given the structure of firms today‚ the current system is the best one in place. Small changes may be
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market for telephony services regulated? 4. Explain the concept of a “margin squeeze.” Outline DT’s argument for why its pricing practices do not constitute a margin squeeze. Outline the counter argument. 3. Conclusions 4. What is the current status of the firm(s). About Deutsche Telekom Deutsche Telekom is one of the world’s leading integrated telecommunications companies with more than 131 million mobile customers‚ 33 million fixed-network lines and over 17 million broadband lines
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resources financially ‚ we as consumers are now faced with the choice of what to purchase and how much to purchase so that we may satisfy our appetite whilst still remaining well within our allocated budget. This scenario is basically the concept of economics’ placed into practice in one’s everyday life. To the average consumer purchasing products or goods that are relatively close to the product’s expiration date may seem risky‚ hazardous‚ life threatening to one’s health or to the more skeptical individual
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