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WorksheetsGlobalization Reading 3 - Influence on International Trade
Total questions: 10
Worksheet time: 5mins
What is a common issue faced by developing countries in international trade?
They lack the infrastructure to utilize their resources.
They control the international markets.
They can set their own prices for products.
They have too many natural resources.
Who often controls the markets for products coming from the developing world?
Local farmers
Underdeveloped countries
Developing countries
Developed world
What is a significant challenge for producers of commodities like coffee or cocoa?
The price can fluctuate wildly even in one day.
The price for their products is stable.
They can store their products indefinitely.
They can easily control the market prices.
Why do developing countries need to sell their goods to the developed world?
To pay back international debt.
To increase their natural resources.
To control the international market.
To avoid trading with other developing countries.
What organization monitors world trade?
International Monetary Fund (IMF)
World Health Organization (WHO)
World Trade Organization (WTO)
United Nations (UN)
What is one advantage of international trade?
Countries can only depend on their own produce.
It can lead to a more stable and peaceful world.
It eliminates the need for international laws.
It ensures equal wealth distribution among all people.
What is a disadvantage of international trade for developing countries?
They can easily control the international markets.
They have no natural resources to trade.
They can set higher prices for their products.
They are often held to ransom by the purchasing power of the developed world.
How can international trade harm producers in the developed world?
By increasing local production costs.
By making their products more expensive.
By reducing the need for international laws.
By allowing cheaper foreign products to enter the market.
What is a potential consequence of the imbalance of power in international trade?
Build-up of resentment and local hardship.
Improved international relations.
Equal wealth distribution.
Increased local prosperity.
What is a common argument against the current international trade agreements?
They favor the developing world.
They are drawn up and monitored by the developed world.
They eliminate international debt.
They ensure fair trade for all countries.
