Hkcee 2010 Econ Paper 2 Q2 Hot! «NEWEST × 2024»

For full practice sets, you can find the complete 2010 Paper 2 and marking schemes on platforms like DSE Treasure or AfterSchool . Hkcee Econ Past Paper - mchip.net

The is a classic multiple-choice question focused on the foundational concept of Scarcity and Economic Goods . In the final years of the HKCEE (1978–2011) , examiners frequently used these early questions to test whether students could distinguish between "economic goods" and "free goods" based on the presence of opportunity cost. Question Overview hkcee 2010 econ paper 2 q2

Even if a firm provides a "free" sample, they use resources (labor, materials) that could have been used elsewhere. Therefore, it is an economic good. Why Students Struggled For full practice sets, you can find the

Choosing an option that suggested a good becomes "free" because it is provided by the government. Question Overview Even if a firm provides a

A price of $0 does not mean the cost is $0.

Students often confuse "free of charge" with a "free good." In economics, if producing or consuming a good requires giving up something else (opportunity cost), it remains an economic good even if the price is $0. Correct Answer & Rationale