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Economics

AI prompts for senior secondary learners.

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275 prompts matching "Who gains and who loses when a market price rises, and whether the two effects c"

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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Let me explain: Barriers to entry and the difference between a price taker and a price maker

Let me talk you through barriers to entry and the difference between a price taker and a p

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Project task: Calculating PED for five price and quantity pairs - kerosene

Give me a practical task on calculating PED for five price and quantity pairs - kerosene f

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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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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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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: 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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Quiz: Current agricultural policy and the marketing of agricultural commodities

I am revising Agriculture II for SS2 Economics. Test me on current agricultural policy and

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Quiz: The meaning of the capital market and classify its instruments

Set me a quick recall test on the meaning of the capital market and classify its instrumen

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Teach me: The arguments for and against protection, including the infant industry and dumping arguments

I am an SS2 student studying Globalisation and Trade Protection II in Economics. Explain t

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Practice set: Aggregating three individual demand schedules into one market demand curve

Give me a practice set on aggregating three individual demand schedules into one market de

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Quiz: The effects of depreciation on export prices, import prices, inflation and the current account

Quiz me on the effects of depreciation on export prices, import prices, inflation and the

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Real-life Nigeria: Calculation drill converting the price of a two thousand dollar imported generator into naira

Show me how calculation drill converting the price of a two thousand dollar imported gener

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Practice set: Recording the official CBN rate and a parallel market rate daily for one week

Give me a practice set on recording the official CBN rate and a parallel market rate daily

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Spot my mistake: Plotting the three systems on axes of average tax rate against income and label each curve

Write a short SS2 Economics answer about plotting the three systems on axes of average tax

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Teach me: Each system against the criteria of equity, incentive to work and administrative cost

I am an SS2 student studying Systems of Taxation in Economics. Explain each system against

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Teach me: Calculating total tax revenue and each party's share of the burden from given price

Be my SS2 Economics teacher for this one point: calculating total tax revenue and each par

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Spot my mistake: Drawing and label a diagram showing the incidence of a specific tax when demand is inelastic

Show me a worked example on drawing and label a diagram showing the incidence of a specifi

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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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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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