FREE TRADE VS FAIR TRADE

What was the presumed goal of NAFTA?

• Creating jobs for American workers

• Opening a new export market in Canada

• Improving the standard of living in the USA

• Creating jobs for Mexican workers

What is the name of the free trade pact

which meant to eliminate barriers in trade and investment

between the United States and other countries of North America?

(a)  

What is the number of American jobs lost due to NAFTA?

• 1,000,000

• 1,500,000

• 700,000

• 500,000

What led to Mexican farmers being forced to leave their land?

• Rising prices for seeds and fertilizers

• Subsidizing grain from the USA

• Environmental problems

• Declining demand for agricultural products

What percentage of the global economy does the Trans-Pacific Partnership cover?

• 30%

• 50%

• 20%

• 40%

What does fair trade movement represent?

• Democratic organization of farmers

• Reduction of taxes on trade

• Setting a fair floor in product pricing

• Creation of new export markets

What does Fairtrade Premium mean in the context of fair trade?

• Additional income for the farming community

• Premium for product quality

• Fixed price for the product

• Additional payment for the product

What makes Fairtrade different from regular trade?

• Reduces production costs

• Empowers farmers

• Sets minimum price for products

• Supports large corporations

What can be done to support fair trade?

• Buy products from companies that support fair trade

• Ignore the origin of the products

• Look for fair trade in large chain stores

• Study the history of companies

What steps can be taken to change the attitude towards trade?

• Ignore trade issues

• Buy products from large corporations

• Study the history of trade agreements

• Support companies that practice fair trade