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Economics

Tariffs & Global Trade

See how well you understand who really pays tariffs, what trade deficits actually mean, and how global trade shapes the prices you pay every day. Ten questions, instantly graded. Question one is on the house.

1

When the United States imposes a tariff on imported goods, who writes the check to the US government?

2

A tariff is best described as which of the following?

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3

What does it mean when a country runs a trade deficit?

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