The correct answer for HKCEE 2010 Economics Paper 2 Question 2 is C. Question Summary
Answer: No, it is not effective. The price floor equals the equilibrium price, so the market mechanism naturally achieves $68. There is no excess supply or demand. Government intervention changes nothing. hkcee 2010 econ paper 2 q2
Key Concept: An economic good is any good where the quantity demanded exceeds the quantity supplied at zero price. The correct answer for HKCEE 2010 Economics Paper
Workers do not need to switch between different tasks (e.g., moving from the dressing room to the cash register). This saves time previously lost to switching tools or locations. (Alternative: Selection according to ability) CSEC June 2010 - Economics - Paper 02 | PDF - Scribd There is no excess supply or demand
The question typically asks about a foundational concept such as opportunity cost or the nature of economic goods, which were staple topics for the second question in Paper 2 (Multiple Choice) during that era.