Understanding Tariffs and Their Impact

Understanding Tariffs and Their Impact

Assessment

Interactive Video

Business

9th - 10th Grade

Hard

Created by

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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