經濟 2002 年 DSE、CE、AL 選擇題

1.

In which of the following situations would ice in the North Pole be regarded as a free good?

2.

Nowadays, many people download their favourite songs and pictures through the Internet without paying any fee. To society, these songs and pictures are

3.

Mr Lee lives in his own house. He bears an opportunity cost from living in that house because

(1)he could earn rental income from letting the house to others.

(2)he has to pay property tax to the government.

(3)he has paid a sum of money to buy the house.

4.

Which of the following would affect the cost of constructing the West Rail?

5.

Which of the following are major determinants of the allocation of goods and services in a market economy?

(1)the planning of government

(2)the costs of production

(3)the demand of consumers

(4)the controlled prices

6.

The following table shows the supply of and demand for Good X.

Unit price ($)	Quantity demanded (units)	Quantity supplied (units)
2	20	4
4	16	8
6	12	12
8	8	16
10	4	20

If the government raises the price ceiling from $4 per unit to $8 per unit, the quantity transacted will

7.

Refer to the following diagram:

Which of the following would lead to the above change in demand from D1 to D2?

8.

After a good harvest, the price of choi-sum has changed by 50% and the quantity transacted has changed by 40%. Which of the following statements is/are correct?

(1)The quantity demanded of choi-sum has increased.

(2)The demand for choi-sum has increased.

(3)The total revenue from selling choi-sum has increased.

9.

The diagram below shows the supply and demand schedules of the market for airline tickets in Hong Kong. The original equilibrium point is at E.

If, as a result of a terrorist attack, fewer people travel overseas and the insurance premium of airlines rises to a high level, the new equilibrium point will be at

10.

Market price