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一期星 白四廿月九
) (〇九九一年九十七國民華中(2a
目的目示食名 她元司機中:
聞新港本日六初月八年午庚潛
本港新聞
日本著名食療專家
【隆國際有限公司, 品的香港消斑代理教 「食品及各項天紫健康產
蒞港介紹綠藻食品
十一 司計劃每年投資一億日
六日健慈木犷的康 ?: |衆锋瘼及明發天然蕤康 健康食品e ...,以達推廣天然保健安 名健康食涙專家,以桩 公司計劃在海推介該項用,戰迎各界人士說山一 ...田中美德堂日本 張爾善全廒反噬。故該 講座,但是免收任娄 趙健康有往的食品心;食用我好康食品,並思,“李銘称舉辦之各項 元,以研部及開發,有超過三百萬仙人定期健康食療方法的瞭解, ,他同時指出,現時促進港人對健能食品及 氣功ㄖ療法等講座,以
01 示,日精本是用) 丹麥名瓷器畫家
公司出格本社就死丑使她寧」而食,為捕国际建在第一
·日本著名健康食品 製成像多 穨「劳 開發保健資尕將神,除 ,公司未承目結總本性的
月司是由其本人及水接开 九一的健康食品公司,該公
·目前唯一正版日安州活
,國《田中美總主持健康大分雌立健康食簽名,以認其設計器作 同研究綠&,竝抽取| 至廿五日內造,每日對, 合其他天然保健元素,哈根瓷振各店,亦融博潑仔娶金著在碟上没选 痾草縑漢李體,具埜 本於海運大運立家彤 聖誕箋躁,均可變其铈, 此期間,凡在該研究一
元素,合組公司,共於本月十五瓷器探案技術
抵港作示範表演
香華
華僑日報讀者
「我質
世界各地收活。今次 一九五八年開,過
一直瞪案之心得 藺界訪問,幅談其給染 外,更樂意接受大港新 他此次將诽除即示範
一多默聖誕必過外,氮是 |隨師學藝。他除了設計 |入皇家哥本哈巿瓷器廠 近花卉之斐師之一。
年,年方十六歲郡城
童話的故事,他爲一時 作模特兒,繪出安徒生 徒生安楼,符辨以爱女 外,交教計了六隻安 年盛事而特別繪製,此 氏薅愆美・立關二百間
·淼精品,歡迎各界人士 阿美國白宮之
我省商共七十原 別安排在議黃山該
·爆號,藉向感員索取「留取畫」,及即時公一份被扯及班别家楼
·,請由家長陪同。獲助同學抵越後,先查開大堂張貼上自己的 湖及程序親到香港何活|} |〇章惭報佛秕領取。年幼同学 按月壐接寄往學校,直至本年期完結爲止。棗助同學,望照下列日 首期助學金我展,由九月廿日起分批派發。以後期由十一月份起. . : : 幽传日愨讀者瞒泰金豆香港賽馬會助學金,九〇——九一年度一
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1990 中學會考試題建議答案
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SUGGESTED SOLUTION TO ECONOMICS,PAPER I
(a)(1). If Mr's Wong works as a full- time housewife, the opportunity cost will be very high as shế will föregd all of her income From being a
if she
But if she employs a P1Hpinb mand, the opportunity cost will Tower as she will emuch
forogo only a small part of her income to pay the maid.
(11) The work done by. Pilipina maids: belongs to the tertiary stage" of production because 12 15 đ kind of service.
(111)The first reason why filipino
·maids:dre paid by time rates) instead of piece rates is that. their work is difficult to
count..
The second reason is that the fame rate can be easily. administered by the emp
Wage rate
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Quantity
Since:the demand cob adipinā halds may be quite elastic, the.. drastic.increáse.jp their
minimum wage rate will lead a more drastic decrease in the number of Pilipino-mates employed. Thus their total age Learnings might decrease.
in Fig. 1.1 the demand curve is an elastic one, the wage rate increase
Tols
Avenue, 1. 0102 XA, which is more than the gain of revenue, e, xw,W2B.
(in) Since the Tocal maids
are
substitutes for Pilipina maids; the increase in the Piping: maids' wage rate may make their employer's change to employ the 1cal maids. Thus, the increase ..in the demand for local maids will cause both the equilibrium wage and quantity of local
maids to increase." Fig. 12 refers.
(c)(i) Yes. Because their services are
produced in. Hong Kong:
(ii) Yes, because to the Phdippines.
the maids income is the income: earned from abroad which "is counted when calculating. Cheis gross getional product.
the first factor which has helped Hong Kong develop into a financial centre is Hong Kong's Industrial success, which raises the demand for
financial servicos for
The second 'factor is. Hong Kong's time-zone position and flexible. working hours which give Hong Kong, 'an.advantage in arbitrage operations.
between financial centras in Western:: Europe and North America,
The third factor is Hong Kong's Immediate proximity to China which attracts a lot of foreign, financial corporation with a hope to finance the economic construction of China,
(b)(i) The average Tabour productivity in the financial sector in 1985.
$39 589 000.000
= $223 667,
177 050
and
that in
$47 052 000 000
1986
2 -5247 642. Thus.
ft has increased.
(ii) The : first, reason far the
increase in productivity may be. the trainning offered to the employees.
[to) The
The second reason may be the use of modern.office.machines•
nex
:
t
that: characteristic the Conditions of oligapoly
is that the banking industry is
·dominated by few big banks.
The second charactéristle is that the services offered by the banks are only slightly differentiated
(d)(1) The Hong Kong dollar M. Will decrease since the Tegal sender in circulation has been reduced by: HK$10.000.
(11)(1) Since Bank A only keeps 25%
of Mr. Chan's savings, i. €.... 510 000 x 25% 42.500, as" reserve and Tends out the rest. When Mr Cian withdraws $10.000, Bank A has to take out $7 500 from the reserves
the. other people's.
accounts
to
repay
dr Clian.
Hence Bank A. is falling Short.
the requirement by $7.50M.
One possible way that Bank A the reserve can satisfy requirement againsts to borrow from, the other banks.
TIL:The maxium pissihhe change. in the total ceposits of the banking. -sector
<$10000°× 017g = -$40 000.
Ta)(t) The visible trade balance is 3218 DAY12/5 Dr-$501 pn--$8.03.
Although the
worts of soods have a greater value their the domestic exports of goods. it does not mean that re- "exports contribute mora to the
national income of Hong Kong: -than. domastid exportsc
For re-exports, Hong Kong can only. Báin an income.
from providing services to the res export trade
Aut for domestic exports Hang. Kong earns not only an iricone from providing trading services to it but also the incomes from providing labour, land, capi kal and entrepreneurship to the production of the products. The Sotal of such fricomes is more than that comes from re-export trading.
would gain
Decause
1:5.
his.
(a)The
repayment is not so much in wee):tarms: is estimated; (1)Alandlord whose premises. have already been let at fixed rent for the comin two years would gse becaur what he gets will not be much in real terris.:
(a)(1) The first advantage to Lei Sur
a garment manufacturing firm
af combining with a retailin group is a steady market ft. it's
d. Preducts.
The second advantage 19 economics of scale
(ii) The first advantage to Let Sur asple/prop-tetorship, becoming a public limited the
ease ta rase: capita- through issuing shares. The second advantage S Greater Continuity because it. Change of owners will do. caffect the continuity of the
Company
b)A fall local people's desire fol
consumption means a decrease it: demand and see surplus, t.e. unsol stocks, occurs at the prevailings price. Fig. 4. refers,
[ij]The Hong Kong's GCP at current (c)(1) Although Mr. Lee's
prices for 1988 is:
+ G + (x = ME
$255 b + (109 bu + $10 on) +530 m [($210 bn+$275.-b
+ $86.ba) ($501, br+$56 1] = $426 br
Such an approach to calculate the national, income is called
expenditure, approach.
(iv)(1) To calculate Hong Kong's per
capita GDP at current prices. for 1986, the information about the population in: 1988 is needed.NOW (11)To calculate Hong Kong's GDP! for 1988 at constant (1980). oricasso the information about the faflation rate between 1980 Arid 1980 is feljed,
A depreciation of Hong Kong: dollar might cause the prices" ef.jpbnts to Taarease. Since: Hong Kong requires the imports of raw materials for most of Its production, the production costs will increase and so wil the prices of most domestic. products. Thus, it might lead to a higher inflation rate.
(1) (1) ausinessman who
borrowed money from a bank fixed interestimate
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company
-obtains awakeniram the governgant free of charge, the opportunity cost to it of using these quotas for exports is not zero boccuse it vil forego the warnings, from selling these qyotas
►
(¡¡) The U.S.-queza cestriction sets limit on the quantity of Hong Kong's garment exports po" the ULS-Awako order, to keep the same amourit of earnings," nigher-quality, also higher- Yuriced, garments are exported
Losthe US/AL
gif)(I]A fa¦1, in garment production costs in Hong Kong means an increase in supply at the prevailing price, An increase in the supply of dandats means an increase Sirn the demand for quotas.
Thus the market. quotas in Hong Kong wiH. increase
(II)A fal) in garment production costs in the U.S.A. may make the U.S. garments cheaper tha price and so may cause. a decrease in the demand for.. Hong Kong's garments. The decrease in the demand for Hong Kong's garments means à decrease in the demand for. quotas: Thus, the macker brics of quotas, in Hong Kong
first
government
Drinciple
which a
has to consider when Introducing a new tax is equality." There are two, views: (1)a person should c texed accorcing this: abi*ity; on (21a person should be saxed according to the benefit he enjays
The second pricrofe is certainty. The tax payers tax obligation. should be stated clearly. It should note interarcted
changed arbitrarily by the government...
The third principle i's economy. The Jadministrative costs of a tax collection should be as small as possible.
{b}{}} A sales tax
all commodities means people buying the same kind and the same amount of commodities will pay. the same amount of tax no matter they are rich, or poor, Since the poor spend a higher. ratio of their income on consumption than the rich, it
means the tax they pay relative. to their income will be higher than the rich. In other words, a pigher percentage of income is taxed from the poor
Cutting cow the standard tax, rase by 3% will only benefit the rich, because the lower-- income people do not pay tax according to the standard rate. Thus, a smaller percentage of cfncore.ts. taxed-from the rich. (ii) 8cth will lead te a rise.in.the.
general price level.
The 32 sales tax commodities means the prices of Most commodities
will
ba.
higher.
And the standard rate cut by 3% means some tax payers will have 您 money topeni The increase in the spending on commodities with push up the prices,
(c)(i) The first reason for the cost of the Ches Lap Kok frport. project higher than $127 billion is inflation since the of, the: Chek Lap Kok, airport' project will require a large punt of production factors and, therefore, will bush rup the factor prices.
The second reason is that the externat costs,e.g. the destruction of the natural: scenery, are not counted. (ii)(IJAfter the removal of the
Carport to the new site, Kowloon City be a nice Aplace to live in and so the demand for residential flats will increase.
(11)After the removal, the old Swarovidedot of land and so the supply of resicential flats Will
increase too
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