Geography Term 2 Unit 4: Fair trading Flashcards
The price of raw materials is decided by:
a) Buyers
b) Sellers
a) Buyers.
Prices of raw materials are always:
a) high
b) low
b) low.
What does getting low prices do to countries?
It keeps them poor.
Poor countries do not have money to buy:
a) Clothes
b) Food
c) Manufactured goods
d) A house
c) Manufactured goods.
What happens when trade is unfair?
When there is unfair trade, there are some problems that are caused:
- Farmers and mine workers get low wages
- Sometimes children are forced to work
- People do not develop skills
What is fair trade?
Fair trade is when people are able to earn enough money to live and improve their lives.
Fair trade happens when:
a) countries disagree on fair prices
b) towns agree to fair prices
c) countries agree to fair prices
d) towns disagree on fair prices
c) countries agree to fair prices.
What happens when trade is fair?
When there is fair trade, there are things that help a country:
- Workers are paid fair wages
- No children are allowed to work. They go to school.
- Workers form companies so that they have more control over prices and wages