291 prompts matching "Let me explain: The four basic economic questions"
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: Assuming a monopolist can fix price and quantity independently of each other
Act as my SS3 Economics tutor. Write a short answer on assuming a monopolist can fix price
Spot my mistake: Reading limited liability as a limit on what the company itself owes
Act as my SS3 Economics tutor. Write a short answer on reading limited liability as a limi
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: Assuming all government revenue comes from taxation
Act as my SS3 Economics tutor. Write a short answer on assuming all government revenue com
Spot my mistake: Using a rise in GDP on its own as proof that development has taken place
Act as my SS3 Economics tutor. Write a short answer on using a rise in GDP on its own as p
Spot my mistake: Assuming a country rich in natural resources must therefore be a developed one
Act as my SS3 Economics tutor. Write a short answer on assuming a country rich in natural
Spot my mistake: Reading a point inside the production possibility curve as impossible rather than inefficient
Act as my SS3 Economics tutor. Write a short answer on reading a point inside the producti
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: Reading the steepness of a demand curve as its elasticity
Act as my SS3 Economics tutor. Write a short answer on reading the steepness of a demand c
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: Treating a debenture holder as an owner of the company
Act as my SS3 Economics tutor. Write a short answer on treating a debenture holder as an o
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: Treating a rise in the price of one good as inflation
Act as my SS3 Economics tutor. Write a short answer on treating a rise in the price of one
Spot my mistake: Reading ECOWAS membership as an automatic right to work in any member state
Act as my SS3 Economics tutor. Write a short answer on reading ECOWAS membership as an aut
Spot my mistake: Assuming OPEC fixes the world price of crude oil directly
Act as my SS3 Economics tutor. Write a short answer on assuming OPEC fixes the world price
Spot my mistake: Assuming price discrimination means charging different prices for different products
Act as my SS3 Economics tutor. Write a short answer on assuming price discrimination means
WAEC prep: Economics as a social science, and what its subject matter covers
Act as a WAEC/NECO Economics examiner. I am in SS 3. Set me five exam-style questions on e