WorksheetsSCARCITY QUIZ YR9
Total questions: 10
Worksheet time: 5mins
What two factors contributed to the wealth of the Dutch?
Seizing land and selling it profit
International trade in spices
The growing profits made by merchants and traders
Building windmills to power industry
Which of the following statements about tulips is NOT mentioned in the Tulip Mania video?
They were not native plants to Europe
Some flowers caught a virus which added to the plants beauty
The bulbs of the plants were crushed to make medicine
They took years to flower
Who pushed tulip prices up?
The demand and supply of buyers/sellers
Nobody knows
The government
Illuminate
150 Dutch florins in 1635 would have been roughly equal to how many American dollars today?
$5000
$10000
$17750
$25000
During the peak of Tulip Mania a single bulb sold for ten times the yearly wage of a skilled craftsman.
TRUE
FALSE
The year 2000 saw stock of Internet companies soar and then plummet, this is referred to as the what?
Millenial Crash
Y2K
Tulip Mania
Dot com bubble
Stocks of companies go up in value or down in value based on what?
Time passing by
What the company CEO decides
The demand and supply of investors
Stock prices in Japan
The tulip mania bubble burst when....
people collectively realised tulips had no intrinsic worth
Another flower took its place
The government halted the trade of tulips
The plant became extinct
What is an Economic Bubble?
An Economic Bubble is when the price of any asset, rapidly decreases due to the consumer demands. This is then followed by the rapid increase in price.
An Economic Bubble means that ‘the demand for a good or service is greater than the availability of the good or service’.
An Economic Bubble is when the price of any asset, rapidly increases due to the consumer demands. This is then followed by the rapid decrease in price.
Economic Bubble is the name of an influencial 1980's pop group who had a hit with the song 'Pins and Needles.'
The 'Dutch Golden Age' was in which century?
5th CE
14th CE
17th CE
19th BCE
