279 prompts matching "The price mechanism and its role in allocating scarce resources"
Practice set: The law of diminishing returns using the figures in your own table
Set me five practice tasks on the law of diminishing returns using the figures in your own
Quiz: Plotting total, average and marginal revenue
I am revising Theory of Production: Costs and Revenue for SS2 Economics. Test me on plotti
Let me explain: Fixed, variable, total and average cost, compared
Let me talk you through fixed, variable, total and average cost, compared from the Theory
Project task: Completing a cost and revenue table for a sachet water plant
Set me a small project on completing a cost and revenue table for a sachet water plant, th
Real-life Nigeria: Plotting total revenue against output for a firm facing a downward-sloping demand curve
Take plotting total revenue against output for a firm facing a downward-sloping demand cur
Spot my mistake: The quantity theory of money in the form MV = PT
Give me a wrong or muddled explanation of the quantity theory of money in the form MV = PT
Project task: Applying MV = PT to given values to show the effect of a twenty per cent rise in the money
Give me a practical task on applying MV = PT to given values to show the effect of a twent
Spot my mistake: Two motives for holding money rather than an interest-bearing asset
Show me a worked example on two motives for holding money rather than an interest-bearing
Let me explain: Shares, debentures and bonds as instruments of business finance
Act as my study partner. I will teach you shares, debentures and bonds as instruments of b
Spot my mistake: The problems of business financing in Nigeria
Show me a worked example on the problems of business financing in Nigeria with an error so
Teach me: The meaning of a perfectly competitive market
You are my personal SS2 Economics tutor. Teach me the meaning of a perfectly competitive m
Quiz: Imperfect competition and discuss the types: monopoly, monopolistic competition and oligopoly
I am revising Market Structures for SS2 Economics. Test me on imperfect competition and di
Practice set: Listing three barriers protecting the Nigerian cement market
Give me a practice set on listing three barriers protecting the Nigerian cement market for
Spot my mistake: Calculating the three-firm concentration ratio from the market share table provided
Show me a worked example on calculating the three-firm concentration ratio from the market
Spot my mistake: The importance of the national budget as an instrument of fiscal policy for growth
Give me a wrong or muddled explanation of the importance of the national budget as an inst
Project task: Reading a two-page extract from the current Federal Government budget
Set me a small project on reading a two-page extract from the current Federal Government b
Teach me: The meaning of agriculture
Be my SS2 Economics teacher for this one point: the meaning of agriculture. Start with why
Let me explain: The importance of agriculture to the Nigerian economy in terms of output
Act as my study partner. I will teach you the importance of agriculture to the Nigerian ec
Spot my mistake: The activities of the former marketing boards
Show me a worked example on the activities of the former marketing boards with an error so
Real-life Nigeria: Mapping four cash crops to their producing zones
Show me how mapping four cash crops to their producing zones works in real life in Nigeria