S.T.F.A. Lee Shau Kee College

S.6 Economics 1999 - 2000

Problem Set 1:

1. (Hit: explain the concept of 'scarcity' and 'competition' and find out their relationship.)

2. (Hit: see textbook)

4. (Hit:what are the differences between normative economics and positive economics)

5. (Hit: what are the components of a theory)