FAIR TRADE

What does WFTO stand for?

• World Farming Trade Organization

• World Fair Trade Organization

• World Food Trade Organization

• Worldwide Farmers Trade Office

What is the main aim of Fair Trade?

• To increase profits for exporters

• To promote luxury products

• To ensure fair wages and ethical treatment of producers

• To control global markets

What is a key principle of Fair Trade?

• Minimizing costs for consumers

• Promoting mass production

• Maximizing production speed

• Ensuring environmental sustainability

Which of the following is a benefit of Fair Trade for producers?

• Access to cheaper materials

• Stable prices for their products

• Increased competition among farmers

• Higher taxes on exports

How does Fair Trade impact consumer choices?

• Reduces the variety of available products

• Increases the price of all goods

• Promotes awareness of ethical sourcing

• Encourages buying local products only

What is a common certification for Fair Trade products?

• Organic Certification

• Fair Trade Certified

• Non-GMO Project Verified

• ISO 9001

How does Fair Trade contribute to community development?

• By increasing local taxes

• By funding social projects and infrastructure

• By promoting individualism over collectivism

• By reducing the number of local businesses

Which of the following is a challenge faced by Fair Trade producers?

• All of the above

• High production costs

• Low consumer awareness

• Access to international markets

What is the Fair Trade minimum price?

• The average market price for all goods

• The lowest price allowed by law

• A price determined by consumer demand

• A price set to cover the cost of sustainable production

Which of the following products is commonly associated with Fair Trade?

• Coffee

• Processed foods

• Electronics

• Fast fashion clothing