Why Does This Shrimp Cost More Than A Car?

Why Does This Shrimp Cost More Than A Car?

Assessment

Interactive Video

Geography, Science

11th Grade - University

Hard

Created by

Quizizz Content

FREE Resource

The video explores the surprising cost of a single freshwater shrimp, priced at $10,000. It delves into the factors driving such high prices, including human behavior, scarcity, and the difficulty of breeding shrimp with rare color patterns due to genetic mutations. The video also examines why people value rarity, discussing psychological and economic perspectives. Ultimately, it highlights how rarity can lead to seemingly irrational spending on items with no intrinsic value.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the items you could buy for $10,000 according to the video?

A diamond ring

A single freshwater shrimp

A luxury yacht

A vacation package

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What primarily drives the high prices of aquarium shrimp?

Human behavior and scarcity

Their lifespan

Their size and weight

Their nutritional value

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How do shrimp breeders create new varieties of shrimp?

By using genetic engineering

By exposing them to different water temperatures

By selectively breeding for specific colors and patterns

By feeding them special diets

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why might people perceive rare items as valuable?

Because they are always more useful

Because they are easier to find

Because they are seen as status symbols

Because they are always more durable

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the price of a white painted shrimp mentioned in the video?

$20,000

$1,000

$5,000

$10,000