Tariffs (Grades 11-12)
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Tariffs
1.
What is a tariff?
- a trade treaty
- taxes on imports and/or exports
- the inspection of ships going through customs
- a license guaranteeing a company's ability to import into a country
2.
The Code of Hammurabi included tariffs on goods being imported to and exported from Babylon.
- True
- False
3.
Ancient Greek city-states imposed high tariffs on wheat coming in from Turkey.
- True
- False
4.
What was the name of the Roman tax on imports and exports?
- tariff
- customs
- portoria
- excise tax
5.
Tariffs are often associated with protectionism.
- True
- False
6.
High tariffs and protectionist policies tend to lead to robust economic growth.
- True
- False
7.
What are the outcomes of import tariffs?
8.
The Acts of 1767 angered colonists by placing taxes on glass, lead, paints, paper, and tea.
- Tariff
- Stamp
- Townshend
- Declaratory
9.
In 1789, the second act of the newly formed United States Congress, the Tariff Act, allowed President George Washington the ability to levy tariffs on imports.
- True
- False
10.
Abraham Lincoln imposed a 44% tariff during the Civil War to pay for the war effort.
- True
- False
11.
Part of the New Deal, The Smoot-Hawley Tariff helped to end the Great Depression.
- True
- False
12.
is the absence of restrictions placed on imports and exports.
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