Impact of Tariffs and Trade Wars

Impact of Tariffs and Trade Wars

Assessment

Interactive Video

Created by

Liam Anderson

Business, Social Studies

10th Grade - University

Hard

04:08

10 questions

Show answers

1.

Multiple Choice

30 sec

1 pt

What is one of the main reasons U.S. manufacturing has been negatively impacted by tariffs?

Increased competition from European manufacturers

Decreased demand for U.S. products

Higher costs of inputs from China

Lack of skilled labor

2.

Multiple Choice

30 sec

1 pt

Why have U.S. manufacturing companies lost sales in third countries?

Because of better alternatives from Europe

Due to a lack of innovation

Because of higher costs making them less competitive

Due to increased tariffs on exports

3.

Multiple Choice

30 sec

1 pt

How have tariffs affected global capital expenditure spending?

Increased spending due to new opportunities

No significant impact

Decreased spending due to uncertainty

Shifted spending to other sectors

4.

Multiple Choice

30 sec

1 pt

What is happening in China as a result of the trade war?

Increased foreign investment

Decreased domestic production

Rapid import substitution

Increased reliance on U.S. imports

5.

Multiple Choice

30 sec

1 pt

What is a key factor contributing to the U.S. trade deficit with over 100 countries?

Excessive exports

Low domestic savings

High domestic savings

Strong currency

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