《2016 Economics Paper 2》.pdf

2002-CE ECON HONG KONG EXAMINATIONS AUTHORITY 2 HONG KONG CERTIFICATE OF EDUCATION EXAMINATION 2002 ECONOMICS PAPER 2 10.45 am – 11.45 am (1 hour) Subject Code 120 1. Read carefully the instructions on the Answer Sheet and insert the information required (including the Subject Code) in the spaces provided. 2. When told to open this book, you should check that all the questions are there. Look for the words ‘END OF PAPER’ after the last question. 3. All questions carry equal marks. 4. ANSWER ALL QUESTIONS. You should mark all your answers on the Answer Sheet. 5. You should mark only ONE answer for each question. If you mark more than one answer, you will receive NO MARKS for that question. 6. No marks will be deducted for wrong answers. Hong Kong Examinations Authority All Rights Reserved 2002 2002-CE-ECON 2–1 There are 50 questions. Choose the BEST answer for each question. 1. In which of the following situations would ice in the North Pole be regarded as a free good ? A. The ice is a gift of nature. B. More of the ice is not preferred. C. The price of the ice is zero. D. The quantity demanded of ice is smaller than the quantity supplied at a price greater than zero. 2. Nowadays, many people download their favourite songs and pictures through the Internet without paying any fee. To society, these songs and pictures are A. free goods because there are plenty of songs and pictures on the Internet. B.