Common mistakes made by students included:
In the 2010 paper, Question 2 likely presented a scenario where a resource (such as clean air, sea water, or a specific gift) is discussed to determine if it is a "free good" or an "economic good." hkcee 2010 econ paper 2 q2
Part (ii) is a common "trap" in HKCEE/DSE exams. It asks if a change in the chosen option (shares) affects its own opportunity cost. Common mistakes made by students included: In the
is not just a test of memory; it is a test of economic reasoning. It forces students to move beyond reciting definitions and into the realm of applied welfare economics. A student who can solve Q2 confidently can tackle any first-year university microeconomics problem on price controls and taxation. hkcee 2010 econ paper 2 q2