The results for the market failure exam, a grade which I refuse to reveal due to how humiliating it would be, 50%, correctly pictured how much I studied for the exam. The truth is I studied for the final 8 points question and forgot about the rest of the exam. This showed through the fact that I wasn’t to:
Define demerit goods: which are goods that create market failure when produced and consumed.
Draw a graph for an increase in supply, which should be an easy 4
Graph how tax free gives extra profits to a company
And several others barely retarded mistakes
I can’t really complain as it was my study methods that brought me to such a result, I should just keep in mind to do my activities and to study enough so I can at least define the economical terms.
MORE STUDYING NEXT TIME.
Max, do not be too hard on yourself. Perhaps you need to be more consistent in your review process and spend some time on economics each day or at least review after each lesson.