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Economics

AI prompts for senior secondary learners.

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279 prompts matching "The price mechanism and its role in allocating scarce resources"

Practice set: The law of diminishing returns using the figures in your own table

Set me five practice tasks on the law of diminishing returns using the figures in your own

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Quiz: Plotting total, average and marginal revenue

I am revising Theory of Production: Costs and Revenue for SS2 Economics. Test me on plotti

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Let me explain: Fixed, variable, total and average cost, compared

Let me talk you through fixed, variable, total and average cost, compared from the Theory

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Project task: Completing a cost and revenue table for a sachet water plant

Set me a small project on completing a cost and revenue table for a sachet water plant, th

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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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Spot my mistake: The quantity theory of money in the form MV = PT

Give me a wrong or muddled explanation of the quantity theory of money in the form MV = PT

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Project task: Applying MV = PT to given values to show the effect of a twenty per cent rise in the money

Give me a practical task on applying MV = PT to given values to show the effect of a twent

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Spot my mistake: Two motives for holding money rather than an interest-bearing asset

Show me a worked example on two motives for holding money rather than an interest-bearing

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Let me explain: Shares, debentures and bonds as instruments of business finance

Act as my study partner. I will teach you shares, debentures and bonds as instruments of b

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Spot my mistake: The problems of business financing in Nigeria

Show me a worked example on the problems of business financing in Nigeria with an error so

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Teach me: The meaning of a perfectly competitive market

You are my personal SS2 Economics tutor. Teach me the meaning of a perfectly competitive m

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Quiz: Imperfect competition and discuss the types: monopoly, monopolistic competition and oligopoly

I am revising Market Structures for SS2 Economics. Test me on imperfect competition and di

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Practice set: Listing three barriers protecting the Nigerian cement market

Give me a practice set on listing three barriers protecting the Nigerian cement market for

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Spot my mistake: Calculating the three-firm concentration ratio from the market share table provided

Show me a worked example on calculating the three-firm concentration ratio from the market

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Spot my mistake: The importance of the national budget as an instrument of fiscal policy for growth

Give me a wrong or muddled explanation of the importance of the national budget as an inst

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Project task: Reading a two-page extract from the current Federal Government budget

Set me a small project on reading a two-page extract from the current Federal Government b

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Teach me: The meaning of agriculture

Be my SS2 Economics teacher for this one point: the meaning of agriculture. Start with why

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Let me explain: The importance of agriculture to the Nigerian economy in terms of output

Act as my study partner. I will teach you the importance of agriculture to the Nigerian ec

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Spot my mistake: The activities of the former marketing boards

Show me a worked example on the activities of the former marketing boards with an error so

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Real-life Nigeria: Mapping four cash crops to their producing zones

Show me how mapping four cash crops to their producing zones works in real life in Nigeria

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