
Understanding Tariffs and Their Impact
Interactive Video
•
Business
•
9th - 10th Grade
•
Hard
Nancy Jackson
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary reason Walmart is warning about potential price increases?
Increased demand for products
Seasonal changes
Shipping delays
A new wave of tariffs
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the stated goal of the tariffs reintroduced by President Trump's administration?
To increase foreign imports
To lower consumer prices
To strengthen American manufacturing
To reduce domestic production
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following countries is facing a flat 10% tariff on certain exports?
Costa Rica
Mexico
Vietnam
China
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How is Walmart attempting to manage the increased costs due to tariffs?
By cutting back on orders for heavily impacted products
By closing stores
By reducing employee wages
By increasing product sizes
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What material is Walmart switching to in certain products to cut down on costs?
Fiberglass
Steel
Wood
Plastic
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Despite tariff challenges, what significant achievement did Walmart's online sales reach?
First profitable quarter
Decreased by 10%
No change in sales
Closed online operations
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why do consumers tend to shift their shopping habits during economic uncertainty?
To buy more imported goods
To support local businesses
To seek value and lower prices
To find luxury items
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