The Worst Mistakes Economics Explained Made in 2020 | Economics Explained

The video reviews mistakes made by Economics Explained in 2020, categorizing them into minor, confusing, and major errors. It highlights the importance of acknowledging and correcting these mistakes to ensure accurate learning. The video also reflects on the channel's growth and the value of learning from errors.

What are the three main categories of mistakes discussed in the video?

• Minor issues, major issues, and technical issues

• Technical issues, geographical errors, and major issues

• Geographical errors, technical issues, and minor issues

• Minor issues, potentially confusing issues, and major issues

In the video on the economy of Cyprus, what was the incorrect claim made?

• Cyprus grants special working permissions to passport holders

• Cyprus has no economic ties with Europe

• Cyprus is the largest economy in the EU

• Cyprus is not a member of the EU

Which city was incorrectly identified as being in Iran in one of the videos?

• Istanbul

• Ankara

• Tehran

• Baghdad

What was the error regarding Tesla's profitability mentioned in the video?

• Tesla was never profitable

• Tesla's profits were exaggerated

• Tesla was profitable for all years

• Tesla was unprofitable for a select group of years

Which model was incorrectly omitted from the Tesla lineup in the video?

• Model X

• Model 3

• Model Y

• Model S

What was the incorrect statement about the FIRE movement?

• The rule was stated as 5% instead of 4%

• The rule was stated as 2% instead of 3%

• The rule was stated as 3% instead of 4%

• The rule was stated as 6% instead of 5%

What was the error regarding the reunification of Germany?

• It was stated to have occurred in 1990

• It was stated to have occurred in 1991

• It was stated to have occurred in 1989

• It was stated to have occurred in 1992

Which port was incorrectly claimed to be owned by China?

• Port of Lagos

• Port of Mombasa

• Port of Djibouti

• Port of Durban

What humorous self-assessment score did the channel give itself on the leaderboard?

• 5.6 out of 10

• 6.6 out of 10

• 3.6 out of 10

• 4.6 out of 10

What was the reason given for liking their own videos?

• To test the like button functionality

• As a superstition after a successful video

• To boost video visibility

• To encourage more likes from viewers