291 prompts matching "Why indirect taxes are often described as regressive"
Let me explain: The kinked demand curve in oligopoly
I have just studied the kinked demand curve in oligopoly in my SS3 Economics class. Let me
WAEC prep: Comparing the four market structures on price, output and entry
Act as a WAEC/NECO Economics examiner. I am in SS 3. Set me five exam-style questions on c
Spot my mistake: Calling a change in price a shift of the demand curve
Act as my SS3 Economics tutor. Write a short answer on calling a change in price a shift o
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: 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: 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: 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: 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: 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