International trade – Clip

The video discusses the economic disparity between rich and poor countries, highlighting how farmers and laborers in poorer regions work long hours for minimal pay, while their products are sold at high prices in wealthier nations. It questions the fairness of this system and introduces the Fair Trade Foundation, which aims to ensure better pay for workers. Fair trade practices help improve living standards by increasing wages and supporting community development. Consumers are encouraged to support fair trade by purchasing labeled products, ensuring fair compensation for producers.

What is the main issue faced by farmers and laborers in poorer countries according to the video?

• They work long hours for minimal pay.

• They work short hours for high pay.

• They sell their products locally at high prices.

• They receive a fair share of the profits.

What is the purpose of the Fair Trade Foundation?

• To export more products to richer countries.

• To reduce the working hours of farmers.

• To ensure workers receive a better rate of pay.

• To increase the prices of products in richer countries.

How does fair trade benefit the producers?

• By exporting their products to more countries.

• By increasing the amount of money they receive.

• By reducing the cost of production.

• By decreasing the quality of their products.

What improvements can fair trade bring to local communities?

• Decreasing the number of local businesses.

• Increasing wages and improving schools.

• Building factories and increasing pollution.

• Reducing the number of local jobs.

What should consumers look for when shopping to support fair trade?

• Items with the longest shelf life.

• Products from the most popular brands.

• The lowest price available.

• Products with a fair trade symbol.