Acronyms
GDP
Gross Domestic Product
What is QoL?
Quality of Life
What is trade?
Exchange of goods and services.
What is fair trade?
Ethical trade practice in which all levels of production work together to trade fairly and ensure ethical and sustainable practices.
How can a consumer ensure they are trading in a sustainable way?
Looking for fair trade items, researching companies and products to understand how they were made to make sure they are not result of exploitative and unsustainable practices.
HDI
Human Development Index
How can it be measured? Name three contributing factors.
1 2 3
Name an example of a vehicle that transports large amounts of goods.
Cargo Ship
Why is it necessary?
Greed and rampant capitalism can sometimes reward those who profit most by exploiting labourers and the less privileged.
Why is coffee sometimes damaging to the environment?
Clear cutting to create areas for production.
IHDI
Inequality-Adjusted Human Development Index
Why is it important to measure quality of life?
To improve country.
What is globalization?
Process of increasing connections across the globe.
What does a distributor do?
They buy and transfer goods from the producer to the consumer.
How can your phone and its be looked at as unsustainable?
Rare metals and mining practices around the world that incentivize maximization of production over sustainable practices.
GNI
Gross National Income
Why would there be a disparity between HDI and IHDI?
Inequality within countries.
How can trade increase the prosperity of different countries?
By utilizing and selling goods and services within the country to maximally grow their economy and purchase power.
What are the environmental benefits of fair trade?
Ensure that sustainable practices are used when producing and distributing goods so that natural resources are not exploited in an unsustainable manner.
How does sustainability affect quality of life?
Access to clean water, resources, air result in less sickness and disease.
FNAF
Fight Natural Antelope Fences
Which country created the Global Happiness Index?
Bhutan
How can trade exploit workers?
By leveraging services and workers within developing countries to allow cheap export of goods to wealthier countries.
What are the three levels of fair trade and how can they each individually ensure they are trading fairly?
Producer, Distributor, Consumer.
What is the airspeed velocity of an unladen swallow?
AAAAAAAHHHHHHHHHHH.