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Economics

AI prompts for senior secondary learners.

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288 prompts matching "Reading a point inside the production possibility curve as impossible rather tha"

Quiz: The primary, secondary and tertiary stages of production for one Nigerian product

Set me a quick recall test on the primary, secondary and tertiary stages of production for

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Practice set: Tracing the stages of production of a bag of Dangote cement from limestone at Obajana to a

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Spot my mistake: The classification of twelve items by factor; ten correct is the pass standard

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Quiz: The classification of six local firms by sector of ownership

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Project task: On the claim that a market stall and a limited company face exactly the same economic problem

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Practice set: Two-column comparison chart completed on the board by the class

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Real-life Nigeria: What price for bread) and answers it first as a central planner and then as a market

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Spot my mistake: A movement along a demand curve and a shift of the whole curve compared

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Quiz: Why the supply curve slopes upwards in terms of profitability and rising costs

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Spot my mistake: Drawing three demand curves showing elastic, inelastic and perfectly inelastic demand

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Practice set: Comparing the PES of tomatoes within a growing season

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Spot my mistake: Two reasons why agricultural supply is price inelastic in the short run

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Let me explain: The causes of a change in price in a market as a shift in demand or a shift in supply

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Quiz: Using elasticity to judge how large the price and quantity effects of a given shift will be

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Spot my mistake: Explain, using elasticity, why the same shift raises price more in one market than in another

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Project task: Who gains and who loses when a market price rises, and whether the two effects cancel out

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Project task: Half the class argues for keeping refineries in state hands

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Practice set: Matching six Nigerian cases to their cause of failure

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Spot my mistake: Five correct is the pass standard

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Practice set: Worked calculation: the social cost of running a diesel generator as private fuel

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