Trade Flashcards
1
Q
What is trade?
A
giving goods in exchange for other goods
2
Q
What is global trade?
A
countries trading goods
3
Q
Increasing trade almost always….
A
Increases wealth
4
Q
example of environmental effects of trade
A
transporting goods uses fossil fuels which is bad for the environment
5
Q
What is fair trade?
A
giving a fair price to workers
6
Q
How much do the producers earnings go up with fair trade?
A
20%
7
Q
How much does the cost for the consumer go up with fair trade?
A
2%
8
Q
What is the goal of fair trade?
A
to promote sustainable development by offering better wages and working conditions to workers. They also focus on reducing the unequal distribution of wealth between nations
