Student Name:
Date:
Class:
  (  )     
¡½Test > Integrated Topics I
There are 10 questions in this quiz![ PRINT ]

/ 00:05:00

Q. 1
Suppose the government increases the price ceiling from $1 per unit to $2 per unit, then
A
producers will increase the supply.
B
the quantity transacted will decrease.
C
consumers' expenditure will increase.
D
there will be no shortage in the market.


Q. 2 Which of the following items are producer goods in a farm?
(1) Rice
(2) Fertilizers
(3) Tractors
A
(1) and (2) only
B
(1) and (3) only
C
(2) and (3) only
D
(1), (2) and (3)


Q. 3 Which of the following are capital?
(1) Television sets at restaurants
(2) A television set at home
(3) A tree in the forest
(4) Timber for carpentry
A
(1) and (3) only
B
(2) and (4) only
C
(1) and (4) only
D
(2) and (3) only


Q. 4 Mr Chan solely operates a restaurant. Recently, an accountant joins and becomes a new shareholder. It is a partnership business now. Which of the following is NOT the difference between the old company and the new one?
A
The efficiency of decision-making in the new company can be higher.
B
One of the shareholders in the new company can enjoy limited liability.
C
The division of labour in the new company can be more complex.
D
The debts of the new company can be shared by two shareholders.


Q. 5 The major difference between perfect competition and monopolistic competition is
A
number of producers.
B
number of consumers.
C
nature of the products.
D
the level of difficulty to enter the market.


Q. 6 Compare agate (º¿·ê) with gold; the latter is a better money. It is because the former
(1) is more difficult to be divided into parts.
(2) is more difficult to be accepted by the public.
(3) is more difficult to be carried.
A
(1) and (2) only
B
(1) and (3) only
C
(2) and (3) only
D
(1), (2) and (3) only


Q. 7 Which of the following is a direct tax as well as a proportional tax?
A
Property tax
B
Betting duty
C
Hotel accommodation tax
D
Estate duty


Q. 8 Profits tax in Hong Kong is
(1) progressive
(2) proportional
(3) a direct tax
(4) an indirect tax
A
(1) only
B
(1) and (3) only
C
(2) and (3) only
D
(2) and (4) only


Q. 9 In which phase of a business cycle that the unemployment rate would be the lowest?
A
Peak
B
Recession
C
Depression
D
Recovery


Q. 10 Which of the following is the use of national income statistics?
A
Estimate the performance of a company
B
Fight against deflation
C
Improve the standard of living
D
Basis for formulating government policies


[ Back ]