基本概念

Which of the following statements about competition is correct?

An apple tree subject to unrestrained common exploitation

Scarcity

If the beach in Repulse Bay is privatized,

The Home Ownership Scheme (HOS) usually attracts 10 times more applications than the number of flats available for sale. At present, selection is done randomly by computer, and the flats are not transferable within ten years of purchase. If new HOS flats are freely transferable,

Which of the following is/are associated with private property rights?

Scarcity

'Interest exists even without money.' This statement is

Scarcity

Recently, some housing developers in Hong Kong have begun selling housing units by lottery. That is, at their asking price, there are too many buyers queuing up to buy the flats. So, in addition to the purchase price, a buyer must be a winner in the lottery. This implies