212 prompts matching "How a free enterprise economy allocates its resources"
Real-life Nigeria: Table of eight resources giving location, sector and one use for each
Show me how table of eight resources giving location, sector and one use for each works in
Spot my mistake: Locate and label eight resources on an outline map of Nigeria
Show me a worked example on locate and label eight resources on an outline map of Nigeria
Quiz: Free goods, economic goods and public goods
I am revising Nature of the Economic Problem for SS1 Economics. Test me on free goods, eco
Teach me: How a shift of the PPC represents economic growth or a loss of productive capacity
Be my SS1 Economics teacher for this one point: how a shift of the PPC represents economic
Teach me: The classification of given Nigerian resources
I am an SS1 student studying Factors of Production in Economics. Explain the classificatio
Spot my mistake: The four groups of decision makers in an economy — consumers, workers, firms and government —
Give me a wrong or muddled explanation of the four groups of decision makers in an economy
Teach me: How the price mechanism answers the what
You are my personal SS1 Economics tutor. Teach me how the price mechanism answers the what
Practice set: Identifying the aims of buyer, seller and auctioneer and how the price settles
Give me a practice set on identifying the aims of buyer, seller and auctioneer and how the
Project task: Tracing on a flow diagram how a rise in the price of ginger in Kaduna moves land out of maize
Set me a small project on tracing on a flow diagram how a rise in the price of ginger in K
Practice set: Three functions of price in a market economy
Set me five practice tasks on three functions of price in a market economy, at the level e
Spot my mistake: Two merits and two demerits of central planning
Give me a wrong or muddled explanation of two merits and two demerits of central planning
Practice set: Four features of a planned economy
Set me five practice tasks on four features of a planned economy, at the level expected in
Teach me: The income and substitution effects that give the demand curve its downward slope
You are my personal SS1 Economics tutor. Teach me the income and substitution effects that
Practice set: How the demand for one named commodity
Give me a practice set on how the demand for one named commodity for SS1 Economics. Start
Quiz: Surplus and shortage at prices above and below equilibrium and measure each in units
Quiz me on surplus and shortage at prices above and below equilibrium and measure each in
Practice set: How the market for hotel rooms in Lagos
Give me a practice set on how the market for hotel rooms in Lagos for SS1 Economics. Start
Spot my mistake: Drawing diagrams showing the effect on equilibrium price
Write a short SS1 Economics answer about drawing diagrams showing the effect on equilibriu
Spot my mistake: Drawing three demand curves showing elastic, inelastic and perfectly inelastic demand
Show me a worked example on drawing three demand curves showing elastic, inelastic and per
Let me explain: Drawing supply curves showing elastic, inelastic
Act as my study partner. I will teach you drawing supply curves showing elastic, inelastic
Quiz: Using elasticity to judge how large the price and quantity effects of a given shift will be
Set me a quick recall test on using elasticity to judge how large the price and quantity e