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Economics

AI prompts for senior secondary learners.

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279 prompts matching "Income elasticity and cross elasticity of demand"

Let me explain: Factors that shift the demand and supply curves for labour

Let me talk you through factors that shift the demand and supply curves for labour from th

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Real-life Nigeria: Same diagram is redrawn with an inelastic demand curve

Take same diagram is redrawn with an inelastic demand curve out of the textbook. Describe

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Real-life Nigeria: Plotting total revenue against output for a firm facing a downward-sloping demand curve

Take plotting total revenue against output for a firm facing a downward-sloping demand cur

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Let me explain: The supply of money and classify assets into the narrow and broad measures M1, M2 and M3

I am going to explain the supply of money and classify assets into the narrow and broad me

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Practice set: Calculating the price level from the values of M, V and T provided

Set me five practice tasks on calculating the price level from the values of M, V and T pr

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Practice set: Allocating a mock state budget of one hundred naira across health

Give me a practice set on allocating a mock state budget of one hundred naira across healt

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Spot my mistake: Drawing the circular flow of income for a four-sector economy showing consumption

Show me a worked example on drawing the circular flow of income for a four-sector economy

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Let me explain: The equilibrium level of income as the point where planned injections equal planned withdrawals

Let me talk you through the equilibrium level of income as the point where planned injecti

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Teach me: The meaning of employment, unemployment and full employment

You are my personal SS2 Economics tutor. Teach me the meaning of employment, unemployment

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Let me explain: The costs of unemployment to the unemployed, to firms and to government revenue

Let me talk you through the costs of unemployment to the unemployed, to firms and to gover

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Spot my mistake: Fiscal, monetary and supply-side policies used to reduce each type of unemployment

Write a short SS2 Economics answer about fiscal, monetary and supply-side policies used to

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Quiz: Calculating a simple weighted price index and the rate of inflation between two years

Set me a quick recall test on calculating a simple weighted price index and the rate of in

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Let me explain: Demand-pull and cost-push inflation, illustrating each on an aggregate demand and supply sketch

I am going to explain demand-pull and cost-push inflation, illustrating each on an aggrega

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Project task: Shifting aggregate demand right and short-run aggregate supply left on the board to separate

Set me a small project on shifting aggregate demand right and short-run aggregate supply l

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Quiz: The meaning of deflation and distinguish it from disinflation

Quiz me on the meaning of deflation and distinguish it from disinflation, from the SS2 Eco

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Spot my mistake: Why deflation raises the real value of a farmer's outstanding loan

Show me a worked example on why deflation raises the real value of a farmer's outstanding

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WAEC prep: Paper 1 style set of ten multiple-choice items covering inflation and deflation

Act as my WAEC Economics examiner. I am in SS2. Set me an exam-standard question on paper

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Quiz: National income accounting and define GDP, GNI and net national income

I am revising National Income Accounting for SS2 Economics. Test me on national income acc

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Spot my mistake: Four limitations of GDP per head as a measure of living standards

Show me a worked example on four limitations of GDP per head as a measure of living standa

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Quiz: The meaning of absolute and relative poverty

Set me a quick recall test on the meaning of absolute and relative poverty at SS2 level. F

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