
Impact of Trade Policies on Economy
Interactive Video
•
Business
•
9th - 10th Grade
•
Hard

Patricia Brown
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a potential drawback of pursuing economic independence by making everything domestically?
It may backfire and harm the economy.
It guarantees economic growth.
It ensures job security for all citizens.
It can lead to higher quality products.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How has international trade affected global wealth over the past 70 years?
It has decreased global wealth.
It has only benefited wealthy countries.
It has had no impact on global wealth.
It has increased global wealth significantly.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is specialization important in international trade?
It leads to higher costs.
It results in lower quality goods.
It allows countries to produce what they are best at.
It reduces competition in the market.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the main benefits of increased competition due to free trade?
Increased prices for raw materials.
Lower prices and better products.
Lower quality products.
Higher prices for consumers.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a significant challenge of free trade for American workers?
It guarantees job security.
It can lead to job losses in certain industries.
It only affects foreign workers.
It increases the cost of living.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does restricting trade impact prices for Americans?
It only affects the wealthiest Americans.
It raises prices, especially for the least well-off.
It has no effect on prices.
It lowers prices for all Americans.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the impact of US tariffs on foreign steel and aluminum in 2018?
It only affected the steel industry.
It created a few jobs but led to many more job losses.
It had no impact on employment.
It created more jobs than it lost.
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