Economics

Form 4 Economics/ Summer readings/P.1 Set 1 1. All uncomplicated school students in Hong Kong need non pay any school fees when they go to school. Is the local primary school education a free good to them? explicate. 2. Amy bought a camera for $1,000 and gave up buying a beautiful skirt. a) b) What is the terms of the camera? Suppose she later found the camera not so good as expected and thought it should not cost $1,000. Did the cost of the camera change? Why? 3. The shape up of directors of firm X has made the following resolutions in an all-important(prenominal) meeting: a) b) c) d) To apply with the Hong Kong Stock Exchange to list its shargons on the exchange. To build more commercial building in Hong Kong. To work consultants to help computerize the admininistration of the firm. To establish a new discussion section for China trade. e) To strengthen the marketing department of the firm. Which of the above is/are related to the questions of What to produce, How to produce and For whom to produce? 4. It is less expensive to read an interesting book than an uninteresting book. Do you equalize? 5. Mrs. Chan, What is the price of the apple? The hawker, Two dollar per one. Mrs. Chan, I indispensability to buy five apples. Does Mrs. Chans behaviour contradict with the conception of unlimited wants? Explain. 6.

On 1 Jan 05, Mr Tam has a railcar worth $120,000, a flat worth $100,000 and $5,000 on his opinionated deposit account. Being a driver, Mr.Tams monthly pay is $16,000. (Given that the annual interest rate of the fixed deposit is 12%) a) b) What is the income for the month of Jan 05? Suppose he has spent $15,000 by the residual of the month, what is his wealth at 31 Jan 05? Set 2 1. more gasoline and cherries are sold in the summer than in the winter. Yet the price of gasoline is higher and the price or cherries is lower in the summer than in the winter. Why? Explain with the aid of diagrams. 2. When the prices of shares keep on rising, investors buy more shares. Do you think this violates the Law of... If you want to get a overflowing essay, order it on our website: Ordercustompaper.com

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