
Understanding Tariffs and Their Implications
Interactive Video
•
Business, Social Studies
•
7th - 12th Grade
•
Hard

Mia Campbell
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary purpose of a tariff?
To increase government revenue
To protect domestic industries
To encourage imports
To reduce consumer prices
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the widget example, why did Country B sell widgets in Country A for $13?
To increase production costs
To support Country A's economy
To comply with international trade laws
To undercut Country A's manufacturers
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How did the tariff affect manufacturers in Country A?
It increased their production costs
It forced them to lower prices
It allowed them to sell at a profit
It made them stop production
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a potential benefit of tariffs for domestic manufacturers?
Ability to hire more workers
Increased competition
Higher production costs
Decreased market share
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What might Country B do in response to tariffs on widgets?
Increase widget exports
Stop trading with Country A
Impose tariffs on other goods
Lower widget prices further
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a trade war?
A negotiation to reduce tariffs
A competition to produce the most goods
A series of retaliatory tariffs between countries
A conflict involving military forces
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a potential downside of a trade war?
Many losers and few winners
Rapid economic growth
Increased international cooperation
Stability in global markets
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