2022-23 S4 Q1 Q&A .pdf - S4 Econ Quiz / Ch.1 / Basic...

School The University of Hong Kong
Course Title CS 1
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S4 Econ Quiz / Ch.1 / Basic Concepts /p.12022-23 S4 EconomicsDate: ________ Total marks: ______ /15Quiz chapter 1Class: S4 _______Class No.: ______Topic: Basic Concepts in EconomicsName: ___________________________1.The Hong Kong Brands and Products Expo is being held every year. Exhibitors often offer freefood samples to buyers. Explain whether these food samples are free goods.(3 marks)2.Even though many hotels charge a higher price for their restaurants during holiday periods, theirrestaurants are still full in these periods. Explain, in terms of opportunity cost, why it isNOTnecessarilymore expensive for people to dine in hotel restaurants during holiday periods than non-holiday periods.(3 marks)

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