300 prompts matching "Confusing the law of diminishing returns with the economies of scale"
Teach me: The location and contribution of petroleum, natural gas and solid minerals in Nigeria
I am an SS1 student studying Petroleum and Solid Minerals in Economics. Explain the locati
Let me explain: The risks of depending heavily on a single primary product
I am going to explain the risks of depending heavily on a single primary product to you, a
Quiz: The meaning of sustainability
Quiz me on the meaning of sustainability, from the SS1 Economics topic Resources and Susta
Spot my mistake: Drawing a diagram showing the divergence of private and social cost
Show me a worked example on drawing a diagram showing the divergence of private and social
Quiz: The meaning of opportunity cost
Set me a quick recall test on the meaning of opportunity cost at SS1 level. Five questions
Practice set: Analyse, using a PPC diagram, the effect of a fall in oil revenue on Nigeria's productive
Set me five practice tasks on analyse, using a PPC diagram, the effect of a fall in oil re
Quiz: The primary, secondary and tertiary stages of production for one Nigerian product
Set me a quick recall test on the primary, secondary and tertiary stages of production for
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
Spot my mistake: Explain, with one Nigerian example each, two advantages and two disadvantages of a market system
Show me a worked example on explain, with one Nigerian example each, two advantages and tw
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
Spot my mistake: The meaning of equilibrium price and equilibrium quantity and locate both on a drawn diagram
Give me a wrong or muddled explanation of the meaning of equilibrium price and equilibrium
Let me explain: Disequilibrium and the process by which price returns to equilibrium
Act as my study partner. I will teach you disequilibrium and the process by which price re
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
Project task: Map the knock-on effects of a diesel price rise on the bakery, cold-store and haulage markets
Set me a small project on map the knock-on effects of a diesel price rise on the bakery, c
Practice set: Four consequences for consumers of a rise in the price of a staple food
Set me five practice tasks on four consequences for consumers of a rise in the price of a
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
Practice set: Matching six Nigerian cases to their cause of failure
Set me five practice tasks on matching six Nigerian cases to their cause of failure, at th
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
Spot my mistake: The Malthusian view of population and food supply
Give me a wrong or muddled explanation of the Malthusian view of population and food suppl
Let me explain: Typically the 8-mark discussion at the end of a population question on Paper 2
Act as my study partner. I will teach you typically the 8-mark discussion at the end of a