300 prompts matching "Confusing the law of diminishing returns with the economies of scale"
Teach me: Assessed as Paper 1 multiple choice and as the 2-mark define and 4-mark explain parts of Paper 2
I am an SS1 student studying Nature of the Economic Problem in Economics. Explain assessed
Spot my mistake: The four factors of production
Write a short SS1 Economics answer about the four factors of production that contains thre
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 classification of twelve items by factor; ten correct is the pass standard
Show me a worked example on the classification of twelve items by factor; ten correct is t
Quiz: The classification of six local firms by sector of ownership
Quiz me on the classification of six local firms by sector of ownership, from the SS1 Econ
Project task: On the claim that a market stall and a limited company face exactly the same economic problem
Give me a practical task on the claim that a market stall and a limited company face exact
Let me explain: Two advantages and two disadvantages of leaving allocation to the market
Let me talk you through two advantages and two disadvantages of leaving allocation to the
Spot my mistake: Usually the 6- and 8-mark parts of Paper 2 Section B
Write a short SS1 Economics answer about usually the 6- and 8-mark parts of Paper 2 Sectio
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
WAEC prep: Whether a market economic system always allocates resources well
Act as my WAEC Economics examiner. I am in SS1. Set me an exam-standard question on whethe
Quiz: How the what, how and for whom decisions are taken in a planned economy
Set me a quick recall test on how the what, how and for whom decisions are taken in a plan
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
Quiz: The meaning of demand
Quiz me on the meaning of demand, from the SS1 Economics topic Demand. Ask five short ques
Spot my mistake: A movement along a demand curve and a shift of the whole curve compared
Show me a worked example on A movement along a demand curve and a shift of the whole curve
Let me explain: The meaning of supply
Let me talk you through the meaning of supply from the Supply topic. When I finish, grade
Spot my mistake: Four determinants of the demand for cement in Nigeria
Show me a worked example on four determinants of the demand for cement in Nigeria with an
Spot my mistake: The determinants of PES, including time period, stocks, spare capacity and factor mobility
Show me a worked example on the determinants of PES, including time period, stocks, spare
Let me explain: The causes of a change in price in a market as a shift in demand or a shift in supply
Let me talk you through the causes of a change in price in a market as a shift in demand o
Spot my mistake: The consequences of a price change for consumers, producers and workers in that market
Write a short SS1 Economics answer about the consequences of a price change for consumers,
Teach me: Tracing the effects of a price change through related markets
I am an SS1 student studying The Price Mechanism at Work in Economics. Explain tracing the