What is a Tariff?
Protectionism Theme 4

Quiz
•
Business
•
12th Grade
•
Hard

Katie Argent
Used 39+ times
FREE Resource
12 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An amount charged to businesses that want to export goods
A tax placed on an import
A fine for importing too many products
A charge for doing business in a foreign country
2.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Which of these is true? (more than one may be true)
Tariffs are imposed by Governments to reduce imports
A business can choose whether or not to pay the Tariff
Tariffs are set by the WTO
A Tariff will raise the price of imported products meaning consumers prefer domestic goods/services
3.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Which of these are impacts of Tariffs? (more than one may be true)
Tariffs can increase the number of jobs in several countries
A foreign producer will cut production due to reduced demand on products that have a Tariff applied
A Tariff will increase competition
A Tariff will protect inefficient domestic industries
4.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Why do Governments use Tariffs? (more than one may be true)
To raise tax revenue
To protect domestic industries from foreign competition
To protect the environment from potentially more harmful products
To encourage new imports into the country
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these is a benefit of having Tariffs?
More imports in the country offer consumers a greater variety of choice
Foreign firms are less likely to invest in the country to avoid paying the Tariff
Domestic produced products are cheaper as the Tariff is not applied to them
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these is a drawback of Tariffs?
Other countries may impose Tariffs of their own in response
Greater pressure on domestic industries
Businesses absorb the cost of the Tariff and so are less profitable
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these defines 'Quota'?
A charge made by a country to prevent too many imports
The difference between the amount a country imports and exports
Being able to count the number of imports and exports in a country
A physical limit of the quantity of a good imported or exported
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