1. When tariffs are added to imported electronics, what usually happens to the price of your next smartphone?
🚫 It stays the same because tariffs only affect businesses
💸 It gets more expensive as costs pass to consumers
📱 It gets cheaper because companies cut profit margins
🏭 It depends solely on currency exchange rates
A U.S. tariff on Canadian steel most directly impacts:
🍎 Farmers exporting produce
🚗 Car manufacturers who use steel to build vehicles
🧾 Tax accountants
🏦 Only Canadian banks
Tariffs can sometimes cause inflation because:
🪙 Currency values always rise
⛽ Gas prices are unaffected
💰 Higher import costs push up prices on consumer goods
🏦 The Federal Reserve raises interest rates immediately
If China places tariffs on U.S. soybeans, which group feels it most?
📈 Crypto investors
🏢 Wall Street bankers
👨🌾 American farmers
🛍 Shoppers buying clothes
When tariffs reduce trade volume, what happens to global supply chains?
🏗 They have no change
🔄 They diversify or relocate manufacturing
📉 They trigger a bull market
💥 They collapse overnight
How might higher tariffs on imported food products affect a household’s grocery budget?
💸 Households pay the same since producers absorb all costs
🛒 Prices rise as stores pass increased costs to shoppers
🚫 Tariffs never apply to food imports
🍽 Food prices fall due to government subsidies
When tariffs make imported clothing more expensive, what do retailers often do to keep customers buying?
💳 Eliminate all discounts and raise prices sharply
👕 Shift to cheaper materials or domestic suppliers
🧵 Import even more high-end items instead
🏷 Close stores to save on rent
If tariffs raise the cost of imported car parts, how could that impact the average consumer beyond the car lot?
📉 It has no noticeable effect on consumers
🚗 Repair and insurance costs increase over time
🛠 Car maintenance becomes cheaper due to competition
⛽ Gas prices drop to balance the economy
Over time, what longer-term effect can repeated tariff increases have on an average family’s finances?
🧾 Families pay fewer taxes overall
🎁 Prices fall as domestic industries expand instantly
💰 Gradual inflation erodes purchasing power and savings
🏦 Interest rates drop, boosting household income
Results:
Blissfully Unaware
Tariffs might be invisible to you, but they’re shaping what you pay daily.
0% Accuracy