Tariffs
Quiz
•
Business
•
9th - 12th Grade
•
Hard
Karen Lewis
FREE Resource
Enhance your content in a minute
8 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a Tariff?
A tax on imported and exported goods
A price marked on goods
Profit made from manufactured goods
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
WHY ARE TARIFFS USED?
TO PROTECT DOMESTIC JOBS AND INDUSTRIES
TO RAISE REVENUE FOR GOVERNMENT
TO PROTECT STRATEGIC INDUSTRIES
ALL OF THE ABOVE
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the effect of a tariff on Producer Surplus?
Increases
Decreases
Unchanged
Disappears
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the effect of a tariff on Consumer Surplus?
Increase
Decrease
None
Disappears
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
WHAT ARE THE NEGATIVE IMPACT OF TARIFFS
LOWER PRICES
MORE CHOICE
LACK OF DOMESTIC INNOVATION
GREATER CHOICE
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
WHY WOULD A TARIFF EFFECT INNOVATION?
DOMESTIC FIRMS OVER CONDFIDENCE
LACK OF COMPETITION
BOTH
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Import means
8.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Export means
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