2011mock - MC SECTION B PAST PAPER ? ? HANG SENG SCHOOL OF...

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HANG SENG SCHOOL OF COMMERCE AL Economics (Form 7) Paper I Mock Examination : January 2011 Classes : 7B-7J Date : 24 th January 2011 Examiner : Mr H K Chung Time : 8: 30 a.m. - 11 : 30 a.m. SECTION A – MULTIPLE – CHOICE QUESTIONS – Answer ALL Questions Instructions for Section A 1 Read carefully the instructions on the Question Paper. 2. All the answers for Section A should be marked on the Answer Sheet for multiple choice questions on page 2 of Question/ Answer Book. Note that you may only mark ONE answer to each question. Two or more answers will score NO MARKS . 3. ALL questions carry equal marks in Section A. No marks will be deducted for wrong answers. MC SECTION B PAST PAPER ? ? PAST PAPER? ALEVEL HSSC MOCK 2011, vincenttai2011 yahoo.com.hk
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Section A: (40 marks) 1. Scarcity A. implies shortage. B. is observable. C. can be eliminated by competition. D. is a concept 2. A useful economic theory must be A. true B. refuted by facts C. refutable by facts D. refutable and refuted by facts. 3. Which of the following pricing arrangements is/are a kind of all-or-nothing pricing? (1) A pack (6 cans) of Coca-cola is sold at $40 and the marginal use value of a can of Coca-cola is $8. (2) A pack (6 boxes) of lemon tea is sold at $25 and the marginal use value of a box of lemon tea is $4. (3) A cup of milk – tea and a cup of coffee are sold at $6 and $8 respectively, but a cup of Yuanyang (mixture of tea & coffee) is sold at $14. A. (1) only B. (2) only C. (1) and (2) only D. (1), (2) and (3) 4. Which of the following about exchange is correct? A. The theorem of exchange may be consistent with the Giffen Paradox. B. The market price of a good must be determined in the theorem of exchange. C. When only the buyer is required to pay commission in an exchange, the buyer‟s gain from trade will be lower than that of the seller. D. The existence of middleman will increase the gain from trade in an exchange. 新款 MC 題種 !!!!!!!!!!! ! 只有恒商人識做 !!!!!! MC SECTION B PAST PAPER ? ? PAST PAPER? ALEVEL HSSC MOCK 2011, vincenttai2011 yahoo.com.hk
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1. „The law of demand is not derived, but asserted. Therefore, it is not a useful economic theory.‟ Do you agree? Explain. (8M) 2. What is monopoly rent? Is it true that a wealth maximizing monopolist earning
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This note was uploaded on 04/09/2011 for the course CHEM 110 taught by Professor Ck during the Spring '11 term at Baptist College of Health Sciences.

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2011mock - MC SECTION B PAST PAPER ? ? HANG SENG SCHOOL OF...

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