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The 150 million people who live outside the country of their birth makeup less than 2.5 pe

rcent of world population, but they have an importance far beyond their numbers. Some international migrants are refugees or students, but those with the most impact are economic migrants, drawn to places such as Los Angeles, where the wages may be three times greater than those in Bombay. These migrants tend to be young and willing to work for low wages. Though traditionally unskilled, a growing number are highly educated.

Immigration is now the major contributor to demographic change in many developed countries. In the U.S., according to the latest U.S. Census Bureau projection, the population will grow by 129 million in the period from 2000 to 2050, but if immigration stops it would go up by just 54 million. Western Europe's population is 42 percent greater than that of the U.S., but its projected immigration is only about half that of the U.S.; as a consequence, the region expected to lose 28 million people over the next 50 years. Japan, which has close to zero net migration, is projected to lose 26 million by 2050. (Deaths will start outrunning births in west Europe and Japan around the middle of this decade.)

During file past six years, the U.S. received 7 percent of the world's international migrants, compared with 9 percent by Germany, the second most popular destination. One fourth of all migrants to the U.S. went to California; favorite cities, in order of the number of foreign-born, are Los Angeles, New York City, San Francisco, Miami and Chicago.

International migrants primarily come from developing countries, with China at 14 percent and Mexico at 8 percent being the largest sources. A few developing countries, Afghanistan, Bosnia, Liberia and Rwanda—have had significant influxes in recent years, but these reflect mainly the movement of refugees. Most developing countries had negative net migration.

In the past few years, every European country with considerable immigration has had a reaction against foreign workers, according to social scientist Christopher Jencks of Harvard University. Some Asian countries hit hard by recession in the late 1990s tried to repatriate migrant workers. Thus far the U.S. shows no signs of reinstituting the extremely restrictive immigration laws of the past, a major reason being the dependence of many industries on a supply of foreign labor. Indeed, the AFL-CIO, once an opponent of high immigration quotas, has reversed position and is now attempting to organize immigrant. This change in attitude, among other reasons, leads Jencks to conclude that a substantial reversal of the current liberal policies is unlikely.

Which of the following statements does NOT exactly describe the economic migrants?

A.They tend to be young,

B.Many of them are highly educated.

C.They are willing to work for low wages.

D.They constitute 2.5% of the world population.

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更多“The 150 million people who liv…”相关的问题
第1题
By saying "people tend to anthropomorphize teddy bears" (Para.4)the author means that peop

By saying "people tend to anthropomorphize teddy bears" (Para.4)the author means that people tend to ______.

A.attribute human personalities to teddy bears

B.regard teddy bears as their cute pets

C.regard teddy bears as one of their family members

D.ignore the differences between teddy bears and humans

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第2题
Which of the following statements is NOT true according to the passage?A.In the past, peop

Which of the following statements is NOT true according to the passage?

A.In the past, people sometimes plugged their ears to fight against the offending noise.

B.An active noise-cancellation system follows the principles of a wave being flattered by meeting its exact opposites.

C.The first active noise-cancellation system was made in the 1930s.

D.Active noise-cancellation systems are now available on the market.

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第3题
What can we infer from the last sentence?A.People will die without the Internet.B.All peop

What can we infer from the last sentence?

A.People will die without the Internet.

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C.People live easily without the Internet.

D.People will more and more depend on the Internet.

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第4题
Population tends to grow at an exponential(指数的)rate. This means that they progressively

Population tends to grow at an exponential(指数的)rate. This means that they progressively double. As an example of this type of growth rate take one penny and double every day for one month. After the first week, you would have only 64 cent, but after the fourth week you would have over a million dollars.

This helps explain why the population has come on“all of a sudden” took from he beginning of human 1ife to the year 1830 for the population of the earth to reach one billion. That repents(缓慢进行) a time span of at least two million years. Then it took from 1830 to 1930 for world population to reach 2 billion. The next billion was added by 1960 only thirty years and in 1975 world population reached 4 billion which is another billion people in only fifteen years.

World population is increasing at a rate of 9, 000per hour, 220,000 per day and 80 million per year.

This is not only due to higher birth rate, but to lower death rate as well. The number of births has not declined at the same rate as the number of deaths.

Some countries such as Columbia, Thailand, Morocco, Costa Rica and the Philippines are doubling their population about every twenty-one years with a growth rate of 3.3 percent a year or more. The United States is doubling its population about very eighty-seven years, with a rate of 0.8 percent per year.Every time a population doubles, the country involved needs twice as much of everything, including hospitals, schools, resources, food and medicines to care for its people. It is easy to see that this is very difficult to achieve for the more rapidly growing countries.

This passage chiefly discusses

A.the growth of world population.

B.one type of the exponential rate

C.the population problem of more rapidly growing countries.

D.the possible ways of dealing with the rapid population growth

According to the passage what helps to explain why the population problem has come on “all of a sudden”?A.The penny that doubles itself every day for one month

B.The time span of at 1east two million years in human history.

C.An illustration of the exponent growth rate given by the author.

D.The large amount of money you would luckily make after the fourth week

Which of the following statements is NOT true?A.World population is increasing at a rate of 150 per minute

B.Lower death rate also contributes to world population growth

C.The population of Columbia has been doubling every year for 21 years.

D.The United States is usually doubling its population on about every 87 years.

It took ______ for the world to increase its population from 1 billion to 4 billion.A.100 years

B.175 years

C.1975 years

D.over two million years

When a population doubles, the country involved needs twice as much of everything including __.A.hospitals and medicines

B.schools and students

C.food and manpower resources

D.all of the above

请帮忙给出每个问题的正确答案和分析,谢谢!

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第5题
Section B – TWO questions ONLY to be attemptedYou have recently commenced working for Buru

Section B – TWO questions ONLY to be attempted

You have recently commenced working for Burung Co and are reviewing a four-year project which the company is considering for investment. The project is in a business activity which is very different from Burung Co’s current line of business.

The following net present value estimate has been made for the project:

All figures are in $ million

Net present value is negative $1·65 million, and therefore the recommendation is that the project should not be accepted.

In calculating the net present value of the project, the following notes were made:

(i) Since the real cost of capital is used to discount cash flows, neither the sales revenue nor the direct project costs have been inflated. It is estimated that the inflation rate applicable to sales revenue is 8% per year and to the direct project costs is 4% per year.

(ii) The project will require an initial investment of $38 million. Of this, $16 million relates to plant and machinery, which is expected to be sold for $4 million when the project ceases, after taking any taxation and inflation impact into account.

(iii) Tax allowable depreciation is available on the plant and machinery at 50% in the first year, followed by 25% per year thereafter on a reducing balance basis. A balancing adjustment is available in the year the plant and machinery is sold. Burung Co pays 20% tax on its annual taxable profits. No tax allowable depreciation is available on the remaining investment assets and they will have a nil value at the end of the project.

(iv) Burung Co uses either a nominal cost of capital of 11% or a real cost of capital of 7% to discount all projects, given that the rate of inflation has been stable at 4% for a number of years.

(v) Interest is based on Burung Co’s normal borrowing rate of 150 basis points over the 10-year government yield rate.

(vi) At the beginning of each year, Burung Co will need to provide working capital of 20% of the anticipated sales revenue for the year. Any remaining working capital will be released at the end of the project.

(vii) Working capital and depreciation have not been taken into account in the net present value calculation above, since depreciation is not a cash flow and all the working capital is returned at the end of the project.

It is anticipated that the project will be financed entirely by debt, 60% of which will be obtained from a subsidised loan scheme run by the government, which lends money at a rate of 100 basis points below the 10-year government debt yield rate of 2·5%. Issue costs related to raising the finance are 2% of the gross finance required. The remaining 40% will be funded from Burung Co’s normal borrowing sources. It can be assumed that the debt capacity available to Burung Co is equal to the actual amount of debt finance raised for the project.

Burung Co has identified a company, Lintu Co, which operates in the same line of business as that of the project it is considering. Lintu Co is financed by 40 million shares trading at $3·20 each and $34 million debt trading at $94 per $100. Lintu Co’s equity beta is estimated at 1·5. The current yield on government treasury bills is 2% and it is estimated that the market risk premium is 8%. Lintu Co pays tax at an annual rate of 20%.

Both Burung Co and Lintu Co pay tax in the same year as when profits are earned.

Required:

(a) Calculate the adjusted present value (APV) for the project, correcting any errors made in the net present value estimate above, and conclude whether the project should be accepted or not. Show all relevant calculations. (15 marks)

(b) Comment on the corrections made to the original net present value estimate and explain the APV approach taken in part (a), including any assumptions made. (10 marks)

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第6题
Part ADirections: Read the following four texts. Answer the questions below each text by c

Part A

Directions: Read the following four texts. Answer the questions below each text by choosing A, B, C or D. (40 points)

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Now consider the economics of the website that is running those ads. It probably does not have its own ad sales team, so it is getting those credit-card ads from an advertising network such as DoubleClick. The network takes half the revenues, leaving the site with a CPM of $3.75. Imagine that the site is very successful, say among the top few hundred on the web. If so, it may be able to generate 10m page views 'a month. At $3.75 per thousand views, that means revenue of $37,500 a month. Take out hardware, software and bandwidth costs, and enough might be left to support two employees or so.

This grim picture can be improved by selling more than one ad per page, but such clutter often comes at the cost of a lower rate of "click-throughs" and, eventually, even lower CPMs. The site can try to charge higher CPMs by providing more information about viewer demographics, to help advertisers target their ads, or by claiming that it has a sign that may justify a fee for brand-building advertisers. But advertisers are skeptical.

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In nowadays, earning money from the web is rather______.

A.difficult

B.unimaginative

C.easy

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第7题
Who coined the term personal computer? The Oxford Dictionary says Byte magazine used i
t first, in its May 1976 issue. But Yale Law School Fred Shapiro decided to do some digging on his own--- with help from JSTOR, an online electronic database for academic journals. JSTOR’s arts and sciences archive offers scans of million pages from 117 journals, some dating back to 150 years. Using character-recognition software, JSTOR creates searchable files for each document, allowing full-text searches across 15 academic fields.

While searching for the origin of personal computer, Shapiro uncovered several computing claims. Stewart Brand, founder of Whole Earth Catalog, says on his Web site that he first referred to a “personal computer” in a 1976 book; and GUI pioneer Alan Kay is said to have used the term in a paper published in 1972.

But a search on JSTOR’s general science archive turned up what Shapiro says is the earliest recorded use of personal computer, in the October 4,1968, issue of Science. The issue contains a Hewlett-Packard advertisement for its new HP 9100A. “The new Hewlett-Packard 9100A personal computer,” the ad says, is “ready, willing and able …to relieve you of waiting to get on the big computer.” The $4900 device---a desktop scientific calculator equipped with magnetic cars---does not seem like much of a computer nowadays. And at 40 pounds, it was not very personal, either. But according to Shapiro, it was the first device to be called a personal computer.

1.The term “personal computer” first appeared().

A.in Byte magazine

B.in a Hewlett-Packard ad in Science

C.in a 1974 book

D.in a paper published by Alan Kay

2.What is JSTOR ?()

A.It is an online database

B.It is an academic journal

C.It is a kind of computer software

D.It is a research organization

3.Shapiro succeeded in his research for the origin of the term personal computer by().

A.looking into the Oxford Dictionary

B.digging into magazines that are more than 150 years old

C.scanning JSTOR’s general science archive on line

D.focusing on academic journal such as Science

4.With a HP9100A, according to the Hewlett-Packard ad, you().

A.can easily get on the big computer

B.do not have to get on the big computer

C.can save a lot of money

D.will be willing and ready to do scientific work

5.What do we learn from the passage about the first device that was called personal computer?()

A.It looked very different from the PC today.

B.It was small, light and easy to carry around.

C.It was as efficient as a big computer.

D.It relieved people of a great deal of tedious work.

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第8题
A.millionsB.millionC.million ofD.millions of

A.millions

B.million

C.million of

D.millions of

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第9题
It’s reported that there are more than 300?() smokers in China.

A.million

B.millions

C.million of

D.millions of

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第10题
________ people watched the 1884 Summer Olympics.

A.Millions of

B.Millions

C.A million of

D.Million of

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