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Economics

AI prompts for senior secondary learners.

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279 prompts matching "Assuming an indirect tax is borne entirely by the consumer"

Spot my mistake: Calculating cross elasticity and income elasticity for a given set of data

Show me a worked example on calculating cross elasticity and income elasticity for a given

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Practice set: Why a firm selling a good with inelastic demand raises total revenue when it raises price

Set me five practice tasks on why a firm selling a good with inelastic demand raises total

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Spot my mistake: Calculating the real wage from the nominal wage and CPI data given

Show me a worked example on calculating the real wage from the nominal wage and CPI data g

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Spot my mistake: Utility and distinguish total, average and marginal utility

Give me a wrong or muddled explanation of utility and distinguish total, average and margi

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Practice set: The law of diminishing marginal utility using an example of your own

Set me five practice tasks on the law of diminishing marginal utility using an example of

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Spot my mistake: Calculating consumer equilibrium across two goods from a marginal utility and price table

Show me a worked example on calculating consumer equilibrium across two goods from a margi

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Spot my mistake: Calculating deficits and surpluses on each component

Write a short SS2 Economics answer about calculating deficits and surpluses on each compon

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Real-life Nigeria: Sorting exercise placing twenty transactions - crude oil export

Take sorting exercise placing twenty transactions - crude oil export out of the textbook.

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Spot my mistake: Calculating the balance of trade in goods from the table provided

Show me a worked example on calculating the balance of trade in goods from the table provi

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Practice set: Whether a current account deficit is always harmful to an economy

Set me five practice tasks on whether a current account deficit is always harmful to an ec

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Let me explain: The meaning of the exchange rate and distinguish floating, fixed and managed float systems

I am going to explain the meaning of the exchange rate and distinguish floating, fixed and

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Spot my mistake: Drawing and label a diagram showing a depreciation of the naira against the dollar

Show me a worked example on drawing and label a diagram showing a depreciation of the nair

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Spot my mistake: How price elasticity of demand and of supply determine the split of the burden between consumer

Give me a wrong or muddled explanation of how price elasticity of demand and of supply det

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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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Let me explain: The law of variable proportions, showing increasing, diminishing and negative returns

Act as my study partner. I will teach you the law of variable proportions, showing increas

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Spot my mistake: The short run and the long run in terms of fixed and variable factors, compared

Show me a worked example on the short run and the long run in terms of fixed and variable

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Spot my mistake: Complete the average and marginal product columns for six units of labour

Show me a worked example on complete the average and marginal product columns for six unit

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Spot my mistake: The relationship between price changes and total revenue

Write a short SS2 Economics answer about the relationship between price changes and total

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Spot my mistake: Calculating total, average and marginal revenue for five levels of output

Show me a worked example on calculating total, average and marginal revenue for five level

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WAEC prep: The profit-maximising condition and apply it to the cost and revenue table given

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

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