Hkcee 2010 Econ Paper 2 Q2 New! May 2026

Choosing an option that suggested a good becomes "free" because it is provided by the government.

The question likely involved a scenario where more people wanted a good than was available at no cost.

Government-provided services (like public parks or roads) are still economic goods because they require taxpayer resources and land that have alternative uses. Revision Tips for Similar Questions

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

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

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

If it takes effort or resources to make, it has an opportunity cost.

According to Herman Yeung's analysis , many candidates failed to recognize that "scarcity" doesn't mean a good is "rare"; it simply means there isn't enough to satisfy everyone's unlimited wants.

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

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

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Hkcee 2010 Econ Paper 2 Q2 New! May 2026

Choosing an option that suggested a good becomes "free" because it is provided by the government.

The question likely involved a scenario where more people wanted a good than was available at no cost.

Government-provided services (like public parks or roads) are still economic goods because they require taxpayer resources and land that have alternative uses. Revision Tips for Similar Questions hkcee 2010 econ paper 2 q2

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

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 Choosing an option that suggested a good becomes

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

If it takes effort or resources to make, it has an opportunity cost. Revision Tips for Similar Questions Students often confuse

According to Herman Yeung's analysis , many candidates failed to recognize that "scarcity" doesn't mean a good is "rare"; it simply means there isn't enough to satisfy everyone's unlimited wants.

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

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

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