Falling oil prices could devastate Aberdeen

Falling oil prices could devastate Aberdeen

Assessment

Interactive Video

Business, Architecture

University

Hard

Created by

Quizizz Content

FREE Resource

The video discusses the history and impact of North Sea oil on Aberdeen, highlighting the economic boom it brought. However, with plummeting oil prices, the industry faces significant challenges, affecting local businesses and the property market. The future of the oil industry remains uncertain, with potential economic repercussions for Aberdeen.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What major change did Aberdeen experience 40 years ago due to North Sea oil?

A decline in population

An economic boom

A shift to agriculture

A decrease in tourism

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does the oil industry affect local businesses in Aberdeen?

It influences both large and small businesses

It only affects large corporations

It has no impact on local businesses

It leads to a decrease in local wages

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a potential consequence of the oil price drop on Aberdeen's property market?

An increase in new property developments

A lull in the property market

A surge in property prices

A complete halt in property sales

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a significant challenge in extracting oil from the North Sea?

It requires enhanced oil recovery techniques

It has no environmental impact

It is cheaper than other regions

It is less profitable than other industries

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What might Aberdeen need to rely on to overcome the challenges posed by the oil industry decline?

Its inherent strength and resilience

Government subsidies

A shift to renewable energy

Increased tourism