291 prompts matching "Interpreting points on, inside and outside the PPC as efficient, under-used and"
Spot my mistake: Treating a rise in the cost of production as a movement along the supply curve
Act as my SS3 Economics tutor. Write a short answer on treating a rise in the cost of prod
Spot my mistake: Confusing the law of diminishing returns with the economies of scale
Act as my SS3 Economics tutor. Write a short answer on confusing the law of diminishing re
Spot my mistake: Reading limited liability as a limit on what the company itself owes
Act as my SS3 Economics tutor. Write a short answer on reading limited liability as a limi
Spot my mistake: Assuming that removing the middleman always lowers the price the consumer pays
Act as my SS3 Economics tutor. Write a short answer on assuming that removing the middlema
Spot my mistake: Confusing the balance of trade with the balance of payments
Act as my SS3 Economics tutor. Write a short answer on confusing the balance of trade with
Spot my mistake: Assuming a country rich in natural resources must therefore be a developed one
Act as my SS3 Economics tutor. Write a short answer on assuming a country rich in natural
Spot my mistake: Confusing the geographical mobility of labour with its occupational mobility
Act as my SS3 Economics tutor. Write a short answer on confusing the geographical mobility
Spot my mistake: Reading the steepness of a demand curve as its elasticity
Act as my SS3 Economics tutor. Write a short answer on reading the steepness of a demand c
Spot my mistake: Assuming an indirect tax is borne entirely by the consumer
Act as my SS3 Economics tutor. Write a short answer on assuming an indirect tax is borne e
Spot my mistake: Setting a maximum price above the equilibrium price and expecting it to bite
Act as my SS3 Economics tutor. Write a short answer on setting a maximum price above the e
Spot my mistake: Treating population density as the same thing as population size
Act as my SS3 Economics tutor. Write a short answer on treating population density as the
Spot my mistake: Treating a rise in the price of one good as inflation
Act as my SS3 Economics tutor. Write a short answer on treating a rise in the price of one
Spot my mistake: Assuming devaluation improves the balance of payments immediately
Act as my SS3 Economics tutor. Write a short answer on assuming devaluation improves the b
Let me explain: A movement along a supply curve against a shift of the curve
I have just studied a movement along a supply curve against a shift of the curve in my SS3
Let me explain: The difficulties of measuring national income in West Africa
I have just studied the difficulties of measuring national income in West Africa in my SS3
Let me explain: Why the production possibility curve is concave to the origin
I have just studied why the production possibility curve is concave to the origin in my SS
Let me explain: The effects of migration on the receiving urban areas
I have just studied the effects of migration on the receiving urban areas in my SS3 Econom
Let me explain: The arguments advanced in favour of protection
I have just studied the arguments advanced in favour of protection in my SS3 Economics cla
Practice set: Joint, competitive, derived and composite demand
Act as my SS3 Economics tutor. Give me five practice questions on joint, competitive, deri
Practice set: Joint supply and competitive supply
Act as my SS3 Economics tutor. Give me five practice questions on joint supply and competi