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Economics

AI prompts for senior secondary learners.

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291 prompts matching "Let me explain: Shares, debentures and bonds as instruments of business finance"

Spot my mistake: Taking over-population to mean simply a large population

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Spot my mistake: Comparing national income across years without adjusting for inflation

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Spot my mistake: Confusing the balance of trade with the balance of payments

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Spot my mistake: Assuming a country rich in natural resources must therefore be a developed one

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Spot my mistake: Reading a point inside the production possibility curve as impossible rather than inefficient

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Spot my mistake: Assuming a centrally planned economy has no prices at all

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Spot my mistake: Setting a maximum price above the equilibrium price and expecting it to bite

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Spot my mistake: Assuming a firm should shut down as soon as it begins to make a loss

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Spot my mistake: Counting everyone without paid work as unemployed

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Spot my mistake: Assuming large-scale production is always cheaper for each unit produced

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Spot my mistake: Including transfer payments when working out national income

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Spot my mistake: Treating a rise in the price of one good as inflation

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Spot my mistake: Calling a tax progressive because the amount paid rises with income

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Spot my mistake: Assuming OPEC fixes the world price of crude oil directly

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Practice set: The reward paid to each factor: rent, wages, interest and profit

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Practice set: Joint, competitive, derived and composite demand

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Practice set: Joint supply and competitive supply

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Practice set: The three stages of production and which one a rational firm chooses

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Practice set: Price and output determination under perfect competition and under monopoly

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Practice set: The labour force, and what determines its size

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