279 prompts matching "Calculating PED for five price and quantity pairs - kerosene"
Spot my mistake: Reading an index number as a percentage change from the previous year
Act as my SS3 Economics tutor. Write a short answer on reading an index number as a percen
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: Taking over-population to mean simply a large population
Act as my SS3 Economics tutor. Write a short answer on taking over-population to mean simp
Spot my mistake: Assuming all government revenue comes from taxation
Act as my SS3 Economics tutor. Write a short answer on assuming all government revenue com
Spot my mistake: Using a rise in GDP on its own as proof that development has taken place
Act as my SS3 Economics tutor. Write a short answer on using a rise in GDP on its own as p
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: Reading a point inside the production possibility curve as impossible rather than inefficient
Act as my SS3 Economics tutor. Write a short answer on reading a point inside the producti
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: 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: Assuming a firm should shut down as soon as it begins to make a loss
Act as my SS3 Economics tutor. Write a short answer on assuming a firm should shut down as
Spot my mistake: Treating a debenture holder as an owner of the company
Act as my SS3 Economics tutor. Write a short answer on treating a debenture holder as an o
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: Counting everyone without paid work as unemployed
Act as my SS3 Economics tutor. Write a short answer on counting everyone without paid work
Spot my mistake: Including transfer payments when working out national income
Act as my SS3 Economics tutor. Write a short answer on including transfer payments when wo
Spot my mistake: Calling a tax progressive because the amount paid rises with income
Act as my SS3 Economics tutor. Write a short answer on calling a tax progressive because t
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
Spot my mistake: Reading ECOWAS membership as an automatic right to work in any member state
Act as my SS3 Economics tutor. Write a short answer on reading ECOWAS membership as an aut