291 prompts matching "How the price mechanism answers the what"
Quiz: External economies of scale
Act as my SS3 Economics tutor and quiz me on external economies of scale. Ask five questio
Let me explain: Internal and external diseconomies of scale
I have just studied internal and external diseconomies of scale in my SS3 Economics class.
Spot my mistake: Confusing economies of scale with an ordinary fall in variable cost
Act as my SS3 Economics tutor. Write a short answer on confusing economies of scale with a
Let me explain: Short-run and long-run average cost curves
I have just studied short-run and long-run average cost curves in my SS3 Economics class.
Let me explain: Shares and debentures as sources of company finance
I have just studied shares and debentures as sources of company finance in my SS3 Economic
Quiz: Underemployment and disguised unemployment
Act as my SS3 Economics tutor and quiz me on underemployment and disguised unemployment. A
Let me explain: Storage, processing and transport problems
I have just studied storage, processing and transport problems in my SS3 Economics class.
Let me explain: Imported inflation and structural inflation
I have just studied imported inflation and structural inflation in my SS3 Economics class.
Quiz: Indirect taxes, including VAT and customs duties
Act as my SS3 Economics tutor and quiz me on indirect taxes, including VAT and customs dut
Let me explain: Progressive, proportional and regressive taxation
I have just studied progressive, proportional and regressive taxation in my SS3 Economics
Quiz: Surplus and deficit budgets, and when each is used
Act as my SS3 Economics tutor and quiz me on surplus and deficit budgets, and when each is
Let me explain: Internal debt and external debt
I have just studied internal debt and external debt in my SS3 Economics class. Let me expl
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: Comparing national income across years without adjusting for inflation
Act as my SS3 Economics tutor. Write a short answer on comparing national income across ye
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: 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: 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: Assuming large-scale production is always cheaper for each unit produced
Act as my SS3 Economics tutor. Write a short answer on assuming large-scale production is
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