Economic Impacts on Halloween Costs

Economic Impacts on Halloween Costs

Assessment

Interactive Video

Social Studies

8th Grade

Practice Problem

Hard

Created by

Richard Meglio

Used 2+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How do some companies that create AI-generated content describe the role of artificial intelligence in creative industries?

As a way to completely replace human creativity.

As a tool to reduce the overall cost of production.

As an additional method to develop and tell stories.

As a temporary trend that will eventually fade away.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a significant concern for human actors regarding the use of artificial intelligence in entertainment?

AI actors might not be able to perform complex emotions.

AI actors could lead to fewer job opportunities for human actors.

AI actors are too expensive to create and maintain.

AI actors lack the ability to improvise during a scene.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What economic factor is causing the prices of Halloween costumes and accessories to potentially increase?

A sudden rise in consumer demand.

Increased taxes on imported goods.

Higher wages for factory workers.

Shortages of raw materials.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What happened to many production orders for goods from China when import taxes were significantly raised?

Orders were immediately doubled to meet future demand.

Orders were put on hold or canceled by businesses.

Orders were redirected to other Asian countries.

Orders were processed faster to avoid further taxes.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was a direct negative impact on a Halloween product company due to higher import taxes?

They had to expand their warehouse space.

They experienced a significant increase in sales.

They were forced to reduce their workforce.

They started manufacturing all products domestically.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why did the prices of many Halloween costumes increase?

Increased demand for costumes.

Higher cost of plastics and textiles from China.

New taxes on imported goods.

Stores wanting to make more profit.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If a Halloween store's cost for an item increases by $150, how much more might a customer expect to pay for that item?

$150 more

$75 more

At least $300 more

No change, stores absorb the cost.

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