經濟 1994 年 DSE、CE、AL 選擇題

1.

‘Even though Japan is one of the richest economies in the world, it still has to face the problem of scarcity.’ The statement is

2.

Scarcity

3.

In a lottery, Peter wins a transferable air ticket to Japan. Which of the following statements is correct?

4.

Mr. Lee owns a photographic studio. Previously he received $30 000 per month by letting it out. He now does not let the studio, but, instead he uses the premises for his own business. He also employs a model at $10 000 per month. What is Mr Lee’s opportunity cost of using the studio by himself?

5.

In the New Territories, an indigenous female resident (女性原居民) cannot inherit her father’s property if her father dies without leaving a will. This is an example of resource allocation by

6.

Hong Kong is considered to be a market economy because

(1)it has a high per capita real gross domestic product (GDP).

(2)price is used as a means to allocate resources in Hong Kong.

(3)it has a system of low taxes.

(4)most of its resources are privately owned.

7.

Country A imports two brands of garments, X and Y, from Country B. Brand X is of better quality and is higher priced. Now, a tariff rate of 10% is imposed on both X and Y. If there is no other source of supply of garments, we predict that

8.

If the price of movie tickets increases and the rental of laser discs falls, then the equilibrium price of laser disc players

9.

If all property rights are well defined and transaction costs are zero,

10.

For Question No.8 and 9, consider the following supply and demand schedule of wine in a certain country:

Price ($)	Quantity demanded (Units)	Quantity supplied (Units)
30	90	60
32	80	65
34	70	70
36	60	75
38	50	80
40	40	85

Suppose initially the wine market is in equilibrium. If the government imposes a tax of $6 for each unit of wine sold, the new equilibrium price will be