
Understanding Trade Wars

Interactive Video
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Sophia Harris
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Business, Social Studies
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9th - 12th Grade
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1 plays
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Medium
04:48
10 questions
Show answers
1.
Multiple Choice
What is a trade war?
A conflict involving military forces
A disagreement over environmental regulations
A competition between companies in the same industry
A dispute between countries over trade policies
2.
Multiple Choice
What happens when tariffs are imposed on imports?
The quantity of imports increases
The quality of imports improves
The cost of imports increases
The cost of imports decreases
3.
Multiple Choice
In the Game of Thrones example, what did the Tyrells do to gain an advantage?
They imposed tariffs on Lannister goods
They negotiated with the Lannisters
They stopped trading with the Lannisters
They subsidized googly eye manufacturing
4.
Multiple Choice
What is one reason a country might start a trade war?
To improve diplomatic relations
To protect its domestic industries
To increase its military strength
To reduce its own tariffs
5.
Multiple Choice
How can a country 'win' a trade war?
By having more goods to target with tariffs
By having fewer goods to target with tariffs
By increasing its imports
By reducing its exports
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