Economics and Human Environmental Impacts Study guide

When did the modern Fair Trade movement begin?

• In the late 1940s

• In the early 1960s

• In the 1980s

• In the 2000s

Which of the following is a primary benefit of Fair Trade?

• Lower prices for consumers

• Higher profit margins for retailers

• More stable incomes for producers

• Increased production efficiency

What is a key difference between Fair Trade and Free Trade?

• Fair Trade focuses on reducing barriers to trade, while Free Trade focuses on social and environmental standards.

• Fair Trade emphasizes social and environmental standards, while Free Trade focuses on reducing barriers to trade.

• Fair Trade is only applicable to agricultural products, while Free Trade applies to all types of goods.

• Fair Trade is a government-regulated system, while Free Trade is not.

Which of the following is NOT a Fair Trade certified product?

• Coffee

• Bananas

• Petroleum

• Chocolate

What is one of the challenges facing the Fair Trade movement?

• Too few products are available for Fair Trade certification.

• Consumers are unwilling to pay higher prices for Fair Trade products.

• It is too easy for producers to meet Fair Trade standards.

• All products are eventually expected to be Fair Trade certified, eliminating the distinction.

Which of the following regions include mostly developing nations?

• Sub-Saharan countries

• Europe

• North America

• Scandinavian countries

Which of the following is most likely a characteristic of a developing country?

• Low unemployment rate

• High GDP per capita

• High birth rate

• High literacy rate

These countries typically have simple, agriculture-based economies

• Developed countries
• Developing countries

Countries with high levels of literacy and higher education are in which level of economic development?

• More Developed

• Newly Industrialized

• Less Developed

Countries with strong infrastructure [transportation/ communication/ healthcare/ education systems] would be which level of economic development?

• More Developed

• Newly Industrialized

• Less Developed