Tariffs Are a Big Giant Negotiating Tactic, Says Whittier Trust's CIO
Interactive Video
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Business, Social Studies
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University
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Hard
Wayground Content
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5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary reason for using tariffs in trade negotiations according to the first section?
To increase government revenue
To reduce consumer prices
As a posturing and negotiating tactic
To protect domestic industries
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why does the speaker believe a full-blown trade war is unlikely?
Because the U.S. economy is too weak
Because tariffs have already been removed
Because it would benefit all parties involved
Because no one wins in a global trade war
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main concern for manufacturers according to the second section?
The impact of a stronger dollar
The increase in consumer demand
The decrease in raw material costs
The potential risk of a trade war
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the economic impacts of global trade wars mentioned in the final section?
Higher prices equivalent to a tax hike
Lower consumer prices
Decreased government spending
Increased exports
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What long-term benefit is expected from eliminating trade imbalances and barriers?
Sustainable unfair arrangements
Increased trade tensions
Good news for everyone
Higher tariffs
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