HKDSE Economics Practice Questions - Hong Kong Diploma of Secondary Education (HKDSE) Economics Exam - HKDSE Economics Practice Questions - Hong Kong Diploma of Secondary Education (HKDSE) Economics Exam

Question 1

Scarcity exists in an economy primarily because:

Human wants are unlimited but resources are limited The government fails to print enough money Prices are set too high by firms There is unequal distribution of income

Correct Answer:

Human wants are unlimited but resources are limited

Question 2

A student chooses to spend an afternoon studying Economics instead of working a part-time job that pays HK$80 per hour for 3 hours. The opportunity cost of studying is best measured as:

The enjoyment gained from studying HK$80 HK$240 of forgone wages Zero, because studying is productive

Correct Answer:

HK$240 of forgone wages

Question 3

A production possibilities frontier (PPF) that is concave to the origin (bowed outward) reflects:

Increasing opportunity cost as more of one good is produced Constant opportunity cost of production Decreasing opportunity cost as more of one good is produced An economy operating below full capacity

Correct Answer:

Increasing opportunity cost as more of one good is produced

Question 4

Which of the following is a free good rather than an economic good?

Sunlight in an open field Bottled drinking water sold in a supermarket A government statistics report downloaded from the internet for free A public park maintained by the government

Correct Answer:

Sunlight in an open field

Question 5

In a market economy, the central question of 'For whom to produce' is mainly answered by:

The distribution of income and purchasing power Central government planning committees The level of technology available The total quantity of resources owned by the country

Correct Answer:

The distribution of income and purchasing power

Question 1

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About this Exam

Prepare with the HKDSE Economics Practice Questions - Hong Kong Diploma of Secondary Education (HKDSE) Economics Exam practice quiz. This question bank includes 100 questions covering good, demand, price, hong, and kong. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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HKDSE Economics Practice Questions - Hong Kong Diploma of Secondary Education (HKDSE) Economics Exam

This practice set contains 100 questions from the matching question bank and focuses on good, demand, price, hong, and kong. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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HKDSE Economics Practice Questions - Hong Kong Diploma of Secondary Education (HKDSE) Economics Exam

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