Fair Trade Quizizz

Which of the following best explains a benefit of membership in the European Union?

• Member states are eligible to receive loans from the EU, which protects states against recession.

• Member states receive equal numbers of migrants, which leads to an even distribution of resources.

• Member states receive annual payments from the European Union, which boosts gross national income.

• Member states form a single market, which creates a powerful economic bloc.

Which of the following regions is NOT among the world leaders in term of volume of trade?

• Japan

• United States of America

• Europe

• China

• Middle East

Which of the following region imports the most products?

• Japan

• United States of America

• Europe

• China

• Middle East

Why are MEDCs calling for protective measures against Chinese imports?

• Chinese products are cheaper

• Chinese products are more expensive

• It is hard to compete against the Chinese prices

• China doesn't buy products from Russia, the EU or America

Trade today is very

• domestic

• international

What is free trade?

• Trade that costs nothing.

• Trade with countries with little to no tariffs or quotes.

• International trade.

• Countries that trade with other countries.

What is not a consequence of the elimination of trade barriers?

• higher taxes

• the relocation of production facilities

• the ability to invest anywhere in the world

• companies can sell their products anywhere in the world

Which regions control global prices?

• North America

• Japan

• EU

• China

• Latin America

Debt is a problem in LEDCs because they cannot pay the __________ on their loans

• debt

• interest

• trade

• tariff

In order to be part of the World Bank or the IMF, countries must make commitments on an economic ______________ level.

• social and political

• social and cultural

• cultural and political

• religious and social