Pop quiz - trade - #3

Question 1

Exploit

Answer 1

To exploit a person is to take unfair advantage of them

Question 2

Barter

Answer 2

Trade in which goods are exchanged directly for other goods.

Question 3

Primary Products

Answer 3

Things that come directly from farming, fishing, mining, or forestry; they have both been processed.

Question 4

Valuable

Answer 4

If something has value, we consider it valuable

Question 5

Trade

Answer 5

The exchange of goods & sevices

Question 6

Resources

Answer 6

Things we use to meet our needs.

Question 7

Goods

Answer 7

Physical things that are produced or sold.

Question 8

Fair trade

Answer 8

Trade which is done in a way that is fair for everyone involved.

Question 9

Imports

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Answer 9

Goods that a country buys from another country.

Question 10

Trade barriers

Answer 10

Rules that restrict trade that has advantages for the exporting country

Question 11

Secondary products

Answer 11

Goods that are made by prcessing raw materials.

Question 12

Unfair trade

Answer 12

Trade in which some of the people involved are not treated equally *

*or in a reasonable way

Question 13

Export

Answer 13

Goods that a country sells to another country.

Question 14

Sweatshop

Answer 14

A factory where workers work long hours for little money.

Question 15

Manufactured goods

Answer 15

Things that are made by processing raw material *

*also know as secondary products

Question 16

Services

Answer 16

Things that people with skills do for other people.

Question 17

Profit

Answer 17

Difference between what goods cost to be produced or bought, + what it are sold for.