1. Mr. Chan lives in his own house which is worth $1o million. he can rent out the house at $20000 per month . he can also sell the house and put the money in a bank at an interest rate of 5% per year. wt is the opportunity cost to mr. chan if he intend to live in the house?
a. $10 million
b. $500000 a year
c. $20000 a month
d. there is no opportunity cost because he lives in his own house.
2. regarding the above question, wt is the opportunity cost to mr.chan of owning the house?
a. $10 million
b. $500000 a year
c. $20000 a month
d. there is no opportunity cost because he lives in his own house.
3. (1)more and more ppl are willing to invest housing property
(2)some developers are also ready to provide more flats as they found that the price has risen
A. demand and supply increase
B. demand increase only
4. if there is a technology breakthrough is improved, does it mean the supply will increase?
5. raise the effective quota of import car=more import car/less import car?
6. if the per unit tax on certain gd is raised, then the gvt tax revenue will________ and the supplier's after tax revenue will________.
A. increase...decrease
B. increase...be uncertain
C. be uncertain... decrease
D be uncertain... be uncertain
