WorksheetsWhat is a tariff?
Total questions: 5
Worksheet time: 3mins
Read the following claim.
Tariffs can weaken the relationships between countries.
Which selection from the article BEST supports the claim above?
The impact of a tariff depends on the size of the country that imposes it.
Therefore, both countries' trade policies can have a significant impact on the price of cocoa on global markets.
Finally, the amount of trade in the product between the countries would decrease.
For a "large" country, the benefits of a tariff are mixed. Buyers within the country face higher prices.
What the Text Says...
Which section from the article highlights one MAIN reason why most experts are against tariffs?
"Two Kinds Of Tariffs"
"Examining A Tariff's Impact"
"Benefits And Costs"
"Political Economy Of Tariffs"
Read the sentence from the introduction [paragraphs 1-2].
However, I believe it's important to first understand what a tariff actually is and does before we can determine whether Trump's new trade barriers are good or bad.
The author uses the word "determine" to mean:
bring to an end
cause to happen
make a decision about
be persistent about
Read the paragraph from the section "Two Kinds Of Tariffs."
A tariff, simply put, is a tax imposed on an imported good. There are two types of tariffs. A "unit" or specific tariff is a tax imposed as a fixed charge for each unit of a good that is imported, such as $300 per ton of imported steel. An "ad valorem" tariff is levied as a percentage of the value of imported goods, such as a 20 percent tariff on imported automobiles. Both tariffs act in similar ways.
Which of the following phrases from the paragraph provides a context clue to the meaning of the word "levied"?
imposed on
imported good
each unit
in similar ways
What is the opposite of a trade barrier?
limitless trade
free trade
borderless trade
quota
