Fair Trade 101 Vocabulary Pop Quiz
Fair Trade 101 Vocabulary Pop Quiz
Test your knowledge on fair trade concepts and vocabulary with this engaging quiz! Dive into the world of trade agreements, protectionist measures, and global fashion production while enhancing your understanding of key terms.
- 11 thought-provoking questions
- Multiple choice and checkbox formats
- Perfect for students and anyone interested in fair trade
What item(s) are parts of a Trade Agreement?
Taxes
Tariffs
Treaties
Investment Guarantees
Rapid Production
Wholesale Price
Secondary Market
One country can make a Trade Agreement to impose terms that helps them trade with another country.
True
False
Protectionist Measures are...
...taxes, tariffs and treaties that often include investment guarantees.
...the price that a store or business pays for goods that it will then sell to the public.
...policies created to preserve domestic jobs from foreign competition.
...policies created to preserve foreign jobs from domestic competition.
A Quota System is a type of Protectionist Measure.
True
False
How much was the "EU Final bound import tariff (%)" on Clothing?
54%
30%
2%
11%
What three elements were considered in fashion production according to the infographic?
Good
Quality
Time
Quantity
Cheap
Cost
What two elements of the fashion production triangle are most important to fast fashion?
Good
Quality
Time
Quantity
Cheap
Cost
What elements of production are considered in the Wholesale Price?
Marketing
Trade Show Expenses
Retailing
Buyer Fees
Fabric & Trim
Transportation
Labor
What is the Secondary Market?
The market where consumers buy and sell pre-owned items.
The market where consumers buy overstock items.
The market where consumers buy outdated items.
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