papers_econ1001_250502

papers_econ1001_250502 - THE UNIVERSITY OF HONG KONG School...

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THE UNIVERSITY OF HONG KONG School of Economics dk Finance 2001-2002 2nd Semester Examination Economics: ECON 100 1 E Introduction to Economics 1E Dr J T L Chan May 25,2002 9:30- 1 1 :30a.m. Candidates may use any self-contained, silent, battery-operated and pocket-sized calculator. The calculator should have numeral-display facilities only and should be used only for the purposes of calculation. It is the candidate’s responsibility to ensure that his calculator operates satisfactorily. Candidates must record the name and type of their calculators on the front page of their examination scripts. Answer ALL the following questions in the answer book provided. Each question carries equal marks. You must start a new question on a separate page in the answer book. (1) What is a testable proposition? Carefully describe the manner by which the law of demand is applied to generate testable propositions. Illustrate your answer with an example. What are the differences between the law of demand and the law of
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This note was uploaded on 09/06/2010 for the course FBE ECON1001 taught by Professor Dr.demurger during the Fall '08 term at HKU.

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papers_econ1001_250502 - THE UNIVERSITY OF HONG KONG School...

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