Econ 102 Version A Fall 2007 Exam 2 There are 25 questions. Please make sure you have them all. 1. When the price of bubble gum is $0.50‚ the quantity demanded is 400 packs per day. When the price falls to $0.40‚ the quantity demanded increases to 600. Given this information and using the midpoint method‚ we know that the demand for bubble gum is a. inelastic. b. elastic. c. unit elastic. d. perfectly inelastic. 2. Using the midpoint method‚ the price elasticity of demand for a good
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Mattel’s Chinese Sourcing Crisis of 2007 As globalization continues‚ and supply chains expand across the globe‚ how does a company like Mattel assess the risks associated with the way it does business? Bob Eckhart‚ CEO of Mattel (US)‚ had a problem Mattel had discovered on July 30 that a number of its toys manufactured in China contained lead paint The following month had seen a series of recalls‚ rising political tensions between the United States and Chinese governments‚ and a suicide
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The financial crisis of 2007-2009 is an economic fiasco of global magnitude. It affects everyone. To understand how it happened one needs to go back a few steps. Years ago‚ after the dot-com bust and 9/11‚ borrowing money was cheap. Federal Reserve Bank chairman Allen Greenspan lowered interest rates to 1% to keep the economy strong. Treasury Bills were considered the safest investment‚ but due to low return‚ investors stayed away. Banks however were able to borrow enormous amounts of money on credit
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Answers Fundamentals Level – Skills Module‚ Paper F9 Financial Management 1 (a) December 2007 Answers (i) Price/earnings ratio method valuation Earnings per share of Danoca Co = 40c Average sector price/earnings ratio = 10 Implied value of ordinary share of Danoca Co = 40 x 10 = $4·00 Number of ordinary shares = 5 million Value of Danoca Co = 4·00 x 5m = $20 million (ii) Dividend growth model Earnings per share of Danoca Co = 40c Proposed payout ratio = 60% Proposed
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2007 DBQ At the height of the Han and Roman Empires‚ the emergence of technological advancements heavily influenced their societies. These advancements had several benefits in improving the social order of the empires‚ however they also had their negative effects; the essential argument being that the more elaborate‚ and intricate the inventions were‚ the higher they were considered in the social classes. The simpler‚ craft-like inventions on the other hand‚ were said to be made by men who are
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Unfair Dismissal Acts 1977 – 2007 1. What workers are excluded from the protection of the Unfair Dismissals Acts? • Employees with less than one year’s continuous service‚ but this does not apply when the dismissal results from pregnancy or trade union activities – dismissal for such reasons is indefensible • Employees who have reached normal retiring age • Close relatives of the employer‚ employed and living at the employer’s residence or farm • Members of the Defence Forces or Gardai
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Summary/ Strong Response In the piece‚ " The U.S. Invasion of Iraq Was Not Justified‚" Mr. Michael T. Klare argues that there is no possible way to justify the invasion of Iraq by the United States government. He objects nearly every conceivable justification for the invasion; namely‚ the argument that the Bush Administration never had evidence of Weapons of Mass Destruction. He objectively blames the Bush Administration for the deaths of American soldiers‚ only to be followed almost mimicking
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among many other reasons. The believers who were left behind where forced to pay tax to the Islamist militants‚ convert to Islam‚ or face death‚ The Christian Post recalls. Zarifa Badoos Daddo‚ a 77-year-old Christian widow from Qaraqosh in northern Iraq‚ told Reuters how ISIS militants threatened to kill her and forced her to step on an image of Virgin Mary and spit on a crucifix. The elderly
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An Unethical War The insurgents’ war is an unethical war. They use tactics of manipulation‚ deceit and media propaganda to brainwash vulnerable and desperate individuals into becoming suicide bombers. Analyzing these three tactics through events in The Sirens of Baghdad” by Yasmina Khadra with “Eros and Thanatos” by Chris Hedges and “Just War Theory” by Alexander Moseley and then comparing these events to real life stories such as “Abandoned in Iraq; We did our job as interpreters; why has the
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HKCEE Chemistry 2007 Paper 1 Section A 1. A is a compound formed from oxygen and magnesium‚ while B is a compound formed from oxygen and fluorine. a) Draw the electronic diagram of A‚ showing electrons in he outermost shells only. (1) b) Draw the electronic diagram of B‚ showing electrons in the outermost shells only. (1) c) Compare the melting points of A and B. Explains your answer. Melting point of A is higher than that of B. Ions of A are linked by strong ionic bonds /
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