Thursday and Monday we took part in a Mercantilism simulation, which you will now write about. Please answer the following in a paragraph (you can be as creative with the writing as you want):
**What was the point of this simulation? What kind of economic principles did it show? How would trade be a good thing for the world economy, based on this simulation? A bad thing? How was scarcity involved? How were shown? What were your strategies for success and did those work? Who won and how do you think they did this? What did you learn about economic systems from this simulation?
2. IMAGINE at the scoring phase (the end), the DOLLAR WAS ONLY worth 1/4 of its points (you need 4 gold to be worth the same as 1) . How would that affect your score? Would your economy survive (would you make big points again)?
**What was the point of this simulation? What kind of economic principles did it show? How would trade be a good thing for the world economy, based on this simulation? A bad thing? How was scarcity involved? How were shown? What were your strategies for success and did those work? Who won and how do you think they did this? What did you learn about economic systems from this simulation?
2. IMAGINE at the scoring phase (the end), the DOLLAR WAS ONLY worth 1/4 of its points (you need 4 gold to be worth the same as 1) . How would that affect your score? Would your economy survive (would you make big points again)?