To master this topic for DSE or historical review, focus on these criteria:
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
Any good or resource that is scarce. Scarcity means that human wants exceed the available resources. Choosing to use an economic good always involves an opportunity cost. hkcee 2010 econ paper 2 q2
The core idea tested in early questions of Paper 2 is usually the definition of an . For a resource to be considered an economic good, it must satisfy two conditions:
: Investment in property.If the return on property (e.g., rental income or capital gains) increases, the sacrifice made to hold shares is greater. Thus, the opportunity cost of holding shares rises. 3. Analyse the Internal Change in (ii) To master this topic for DSE or historical
If you are currently reviewing past materials to prepare for an upcoming assessment, let me know you are working on (e.g., calculation or explanation) or what specific scenario you've encountered. I can provide a targeted sample marking scheme or a tailored graphical analysis to ensure your response ticks every box for examiners. Share public link
For a multiple-choice question, your strategy should be: Scarcity means that human wants exceed the available
The question specifies that investors choose between and property . Choice : Investment in shares.
The official is the definitive source. This resource was published by the Hong Kong Examinations and Assessment Authority (HKEAA) and contains the exact question paper, the official marking scheme, and candidate performance reports.
The 2010 HKCEE Economics examination consisted of two papers:
To solve any problem involving this concept, remember that opportunity cost is the of the alternative(s) that must be sacrificed when a choice is made.