Fair Trade Practices Ensure That All but One Are Paid

question 29

Multiple Choice

Fair trade practices ensure that all but one are paid a price that not only covers their costs, but also allows them to support their families, invest in their businesses and invest in social and economic improvements.

• A) Producers
• B) Laborers
• C) Farmers
• D) Competitors

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Definitions:

Supplied

Refers to the amount of a good or service that producers are willing and able to sell at a given price.

U.S. Tariff

Taxes imposed by the United States government on imported goods to protect domestic industries or to generate revenue.

Steel

A hard, strong alloy made primarily of iron and carbon, often used in construction and manufacturing.

Domestic Quantity

The amount of a product or service produced within a country's borders.