Tariffs & Quotas Quizzes, Questions & Answers

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Tariffs and Quotas Quiz

Tariffs And Quotas Quiz

Questions: 8 | Attempts: 10 | Last updated: Nov 12, 2025

Sample Question 1
What is a tariff?

A tax on imported goods

A limit on the quantity of goods

A subsidy for domestic producers

A type of trade agreement

Sample Question 2
What is the primary purpose of a quota?

To increase government revenue

To protect domestic industries

To promote free trade

To reduce inflation

Sample Question 3
Which of the following is a consequence of imposing tariffs?

Lower prices for consumers

Increased competition

Higher prices for imported goods

More exports