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2016-DSE ECON PAPER 1

HONG KONG EXAMINATIONS AND ASSESSMENT AUTHORITY

HONG KONG DIPLOMA OF SECONDARY EDUCATION EXAMINATION 2016

ECONOMICS PAPER 1

8.30 am - 9.30 am (I hour)

INSTRUCTIONS

1 Read carefully the instructions on the Answer Sheet. After the announcement of the start of the examination, you should first stick a barcode label and insert the information required in the spaces provided. No extra time will be given for sticking on the barcode label after the'Time is up' announcement.

2. When told to open this book, you should check that all the questions are there. Look for the words'ENDOF PAPER'after the last question.

3. All questions carry equal marks.

4. ANSWER ALL QUESTIONS. You are advised to use an HB pencil to mark all the answers on theAnswer Sheet, so that wrong marks can be completely erased with a clean rubber. You must mark theanswers clearly; otherwise you will lose marks if the answers cannot be captured.

5. You should mark only ONE answer for each question. If you mark more than one answer, you willreceive NO MARKS for that question.

6. No marks will be deducted for wrong answers.

2016心SE-ECON曰 3

Not to be taken away before the end of the examination session

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There are 45 questions in this paper. Choose the BEST answer for each question.

1. Which of the following statements about economic goods is correct?

A. Economic goods may not be scarce.B. People compete for economic goods.C. People prefer economic goods to free goods.D. People compete for both economic goods and free goods.

2. During the Hong Kong Computers and Communications Festival, the organisers distribute USB flash drivesto the participants as gifts. To the organisers, these USB flash drives are

(1) economic goods(2) producer goods(3) consumer goods

A. (2) onlyB. (3) onlyC. (1) and (2) onlyD. (1) and (3) only

3. Mr Ng, a Hong Kong citizen, is going to travel to Tokyo for leisure. Which of the following will decrease hiscost of having the trip?

A. A typhoon is approaching Tokyo right before his trip.B. His boss is going to treat all the staff to a free buffet during his leave.C. The scenery in Tokyo is better than he expected.D. Japanese Yen depreciates against other currencies.

4. Which of the following statements about interest are correct?

(I) Interest is the compensation for deferring consumption.(2) Interest exists because people are impatient to wait.(3) Interest exists m a barter economy.

A. (1) and (2) onlyB. (1) and (3) onlyC. {2) and (3) onlyD. {I), (2) and (3)

2016-DSE-ECON 1-2 4

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