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Tariffs (Grades 11-12)

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What is a tariff?
  1. a trade treaty
  2. taxes on imports and/or exports
  3. the inspection of ships going through customs
  4. a license guaranteeing a company's ability to import into a country
The Code of Hammurabi included tariffs on goods being imported to and exported from Babylon.
  1. True
  2. False
Ancient Greek city-states imposed high tariffs on wheat coming in from Turkey.
  1. True
  2. False
What was the name of the Roman tax on imports and exports?
  1. tariff
  2. customs
  3. portoria
  4. excise tax
Tariffs are often associated with protectionism.
  1. True
  2. False
High tariffs and protectionist policies tend to lead to robust economic growth.
  1. True
  2. False
What are the outcomes of import tariffs?

The                 Acts of 1767 angered colonists by placing taxes on glass, lead, paints, paper, and tea.
  1. Tariff
  2. Stamp
  3. Townshend
  4. Declaratory
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.
  1. True
  2. False
Abraham Lincoln imposed a 44% tariff during the Civil War to pay for the war effort.
  1. True
  2. False
Part of the New Deal, The Smoot-Hawley Tariff helped to end the Great Depression.
  1. True
  2. False
                                          is the absence of restrictions placed on imports and exports.

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