DSE 經濟科：國際貿易

1. According to the law of comparative advantage, a country should specialise in producing goods for which it has:

2. Hong Kong's major trading partner for both imports and exports is:

3. A tariff on imported goods will:

4. The balance of payments current account includes:

5. Hong Kong's merchandise trade statistics show large re-export values. Re-exports are goods that:

6. If the HKD appreciates against the RMB, the most likely effect on Hong Kong's domestic exports to the Mainland is:

7. Hong Kong consistently runs a merchandise trade deficit but a services trade surplus. The overall current account is typically:

8. A quota on imported cars differs from an equivalent tariff in that:

9. In the balance of payments, Hong Kong's large positive 'net errors and omissions' item often reflects:

10. Hong Kong's Linked Exchange Rate System operates as a currency board. If the HKMA's US dollar reserves are US$450 billion and the Monetary Base is HK$3,510 billion, the implied backing ratio is:

11. After a tariff, government revenue equals:

12. An import quota that is not auctioned, compared with a tariff that cuts imports by the same amount:

13. A tariff raises the domestic price. Who loses on the units they still buy?

14. Which statement is accurate?