Help
Options
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't Know
Remaining cards (0)
Know
retry
shuffle
restart
0:00
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Intl Trade I
MCQ
| Question | Answer |
|---|---|
| 1. Which of the following are positive statements? (1) Importation of labour from the mainland would result in a rise in job vacancies in Hong Kong. (2) It would be better to import labour from the Guangdong province because they can speak C | C. (1), (3) and (4) only |
| 2. David can choose to take the MTR or a bus to Yuen Long. Suppose the required travel time and the fares of both options are the same in a normal situation. Which of the following will result in an increase in the opportunity cost of travelli | C. A signalling problem causes the travel time of the MTR to increase by 15 minutes. |
| 3. Which of the following is a characteristic of a market economy? A. Income distribution is uneven in the economy. B. The government has no role in regulating business activities in the economy. C. Most factors of production in the economy are priva | C. Most factors of production in the economy are privately owned. |
| 4. The ______________ mobility of labour will decrease if ____________________ . A. geographical ... the government introduces "city-bike rental scheme" in all train stations B. geographical ... several big companies set up child care centres in their | D. occupational ... licences are required by the government for more professions |
| 5. The schedule below shows the marginal cost of a firm in a perfectly competitive market. Output (units) 3 4 5 6 7 8 9 Marginal cost ($) 5 5.5 6 6.5 7 8 9.5 Suppose the rental of the machine hired, a fixed cost, increases by $2 while the pro | B. increases ... may increase or decrease |
| 6. Refer to the following table. Factory A Factory B Number of full-time workers 25 0 Number of part-time workers 0 50 Average working hours of full-time workers 8 0 Average working hours of part-time workers 0 6 Total output (units) 12 000 15 000 | B. Factory A provides more training for its workers. |
| 7. A firm has an independent legal entity but the owners cannot transfer their ownership without the consent of the other owners. When the owners want to expand the firm's business, they can . (1) use the retained profit of the firm (2 | B. (1) and (3) only |
Created by:
econmen
Popular Social Studies sets