4. The Global Economy

Tariffs — Quiz

Test your understanding of tariffs with 5 practice questions.

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Practice Questions

Question 1

What is a tariff in economics?

Question 2

What is one main effect of a tariff on the price of an imported good?

Question 3

Which group is most likely to benefit from a tariff on imported clothing?

Question 4

Why do governments sometimes use tariffs?

Question 5

Which statement best describes a possible disadvantage of tariffs for consumers?
Tariffs Quiz — IB Economics SL | A-Warded