300 prompts matching "The price mechanism and its role in allocating scarce resources"
Quiz: Calculating the mean, median and mode of a set of economic data
I am revising Basic Tools of Economic Analysis for SS1 Economics. Test me on calculating t
Let me explain: The private sector and the public sector compared
I am going to explain the private sector and the public sector compared to you, as an SS1
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
Real-life Nigeria: Ten firms and organisations in their own town
Take ten firms and organisations in their own town out of the textbook. Describe a real Ni
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
Teach me: The main features of a planned economic system, including state ownership and central planning
I am an SS1 student studying The Planned Economic System in Economics. Explain the main fe
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
Quiz: The meaning of demand
Quiz me on the meaning of demand, from the SS1 Economics topic Demand. Ask five short ques
Quiz: Why the supply curve slopes upwards in terms of profitability and rising costs
Set me a quick recall test on why the supply curve slopes upwards in terms of profitabilit
Real-life Nigeria: Plotting the Week 8 demand schedule and this week's supply schedule on the same axes
Show me how plotting the Week 8 demand schedule and this week's supply schedule on the sam
Practice set: Listing five events that would raise the supply of rice in Nigeria and five that would cut it
Give me a practice set on listing five events that would raise the supply of rice in Niger
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
Spot my mistake: The meaning of consumer surplus and producer surplus
Give me a wrong or muddled explanation of the meaning of consumer surplus and producer sur
Project task: Half the class argues for keeping refineries in state hands
Set me a small project on half the class argues for keeping refineries in state hands, the
Let me explain: The meaning of merit goods, demerit goods and public goods
I am going to explain the meaning of merit goods, demerit goods and public goods to you, a
Teach me: Why public goods are not supplied by the market and must be financed by government
Be my SS1 Economics teacher for this one point: why public goods are not supplied by the m
Teach me: Census data handling feeds directly into the Paper 2 data-response question
Be my SS1 Economics teacher for this one point: census data handling feeds directly into t
Spot my mistake: Interpreting the shape of Nigeria's pyramid and contrast it with that of an ageing economy
Show me a worked example on interpreting the shape of Nigeria's pyramid and contrast it wi
Project task: Annotating the two pyramids with three implications each for schools, housing and pensions
Set me a small project on annotating the two pyramids with three implications each for sch