TED-Ed: Stacie Bosley: How to spot a pyramid scheme

TED-Ed: Stacie Bosley: How to spot a pyramid scheme

Assessment

Interactive Video

Life Skills

KG - University

Hard

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FREE Resource

The video discusses Vemma Nutrition, a company accused of operating a pyramid scheme. It explains how pyramid schemes work, their exponential growth, and the financial risks involved. The video also highlights the difficulty in distinguishing pyramid schemes from legitimate multilevel marketing and provides tips for identifying such schemes. It emphasizes the social impact and legal challenges associated with pyramid schemes.

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7 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What opportunity did Vemma Nutrition offer to its members?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What were the two steps required to start earning with Vemma Nutrition?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the main issue faced by participants in Vemma Nutrition?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

How does a pyramid scheme differ from a Ponzi scheme?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What strategies can be used to identify and avoid pyramid schemes?

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6.

OPEN ENDED QUESTION

3 mins • 1 pt

What are some common red flags that indicate a pyramid scheme?

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7.

OPEN ENDED QUESTION

3 mins • 1 pt

In what ways can pyramid schemes be destructive to individuals and communities?

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