1996 年

John lives in his own apartment which is worth $1 million. He can sell the apartment and put the money in a bank at an interest rate of 5% per year. He can also rent out the apartment at $5 000 a month. What is the opportunity cost if he decides to live in the apartment?

A department store reduced the price of its television sets but there was still unsold stock. These television sets are

In a competitive labour market, two industries require the same type of labour. Suppose the marginal productivity of labour in Industry A is higher than that in Industry B. In the absence of transaction costs, which of the following statements is correct?

Hong Kong can be described as a capitalist economy because

Subscription (fee-paying) television programme broadcast by the Cable TV in Hong Kong is evidence of the fact that

The supply of secondary school teachers will increase if

Suppose the price of compact discs decreases. The price of compact disc players will ______ and the demand for cassette tapes will ______.

Refer to the above information about a good. What will be the consumer tax burden if a per-unit tax of $4 is imposed?

Shortage occurs when