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> Integrated Topics II
There are 10 questions in this quiz!
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Q. 1
Which of the following are capitals of a Chinese restaurant?
(1) The restaurant's shop premises
(2) The restaurant's waiters
(3) The restaurant's bowls and plates
A
(1) and (2) only
B
(1) and (3) only
C
(2) and (3) only
D
(1), (2) and (3)
Q. 2
Tony Electronics Factory expanded its business in April this year. It employed 60 additional labours.
A
The factory is in short run.
B
The factory is in long run.
C
Machinery is the factory's fixed factors of production.
D
The factory enjoys economies of scale.
Q. 3
May intends to give Eric a birthday present and asks him to chose from the following three options
A
Computer; watch
B
Watch; computer
C
Mobile phone; computer
D
Cannot be determined.
Q. 4
Recently, oil price has fallen sharply. Which of the following must
NOT
be the reason?
A
Asian financial crisis leads to depression.
B
Members of the Organization of Petroleum Exporting Countries break the agreement and increase the production of oil.
C
The technology of nuclear power has a significant breakthrough.
D
All of the above are correct.
Q. 5
Suppose the government is going to impose one of the following policies.
Policy 1
A
The government is indifferent to Policy 1 and 2.
B
The producer is indifferent to Policy 1 and 2.
C
No other government intervention will have the same effect (P1,Q1) as both policies.
D
The maximum per
unit price of quota is equal to the per
unit sales tax.
Q. 6
Study the following balance sheet of Bank A and answer the question.
If the minimum required reserve ratio in the banking system decreases from 25% to 20%, the excess reserves of Bank A will
A
decrease by $50.
B
increase by $50.
C
increase by $100.
D
decrease by $100.
Q. 7
Study the above diagram. Which of the following descriptions is correct?
A
It is a progressive tax because tax increases as income increases.
B
It is a proportional tax because tax rate remains constant.
C
It is a regressive tax because tax rate does not increase as income increases.
D
The exact tax rate cannot be determined.
Q. 8
A report says that the distribution of income between the rich and the poor is becoming more and more uneven. It reflects that
A
most of the wealth falls into the hands of a small group of very rich people.
B
GDP decreases.
C
per capita GDP decreases.
D
per capita real GDP decreases.
Q. 9
Who will gain from an unexpected inflation?
(1) The mother who gives $10 pocket money to her son every day.
(2) The person who has a large amount of cash in hand.
(3) Credit card company
(4) Credit card users
A
(1) and (4) only
B
(1) and (3) only
C
(2) and (3) only
D
(2), (3) and (4) only
Q. 10
Suppose a Hong Kong citizen opens a meat shop. He borrows $500 000 from a bank to settle the payment of his supplier. His supplier immediately uses $400 000 to settle the bank loan, and deposits the rest in his current account for daily operation of his business.
What would be the immediate effect on the money supply in Hong Kong?
A
M1, M2 and M3 will remain constant.
B
M1, M2 and M3 will increase by $500 000.
C
M1 will increase by $100 000; M2 and M3 will increase by $500 000.
D
M1, M2 and M3 will increase by $100 000.
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