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Geography Quiz - Trade and Development 01 (Questions)

This KS3 Geography quiz challenges you on trade and development. The development of a country from an LEDC to an MEDC relies on industrialisation. The economy of an LEDC usually relies on agriculture, which is a lot less profitable than trading manufactured goods. In order to increase its economy, a country needs to build up the amount of goods it sells to other countries. These are called exports. If a country exports more than it imports, it is said to have a trade surplus. If the opposite is true, it has a trade deficit. If a country relies on exporting just a few products and the market for those products collapses, it will suffer economically.

A trade tariff is a kind of tax that has to be paid on imports and exports. Countries negotiate to arrange deals on the tariffs for the goods that they sell to each other.

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The World Trade Organisation was established in the 1990s in order to help countries to sort out their trade tariffs. That doesn't always ensure that traders in LEDCs get a good price for their products, so some companies in MEDCs put fair trade agreements in place to make sure that it isn't just the government of an LEDC that benefits.

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1. If a country's exports have greater value than its imports it has a what?
[ ] Trade overflow
[ ] Trade overlap
[ ] Trade remainder
[ ] Trade surplus
2. A country relying on just a few exports suffers what?
[ ] Exclusivity
[ ] Overdependence
[ ] Selectivity
[ ] Underambition
3. Set up in 1995, what is the WTO?
[ ] Welsh Trading Office
[ ] Wider Trading Office
[ ] World Trade Organisation
[ ] World Transport Organisation
4. Which of these is a primary trading product?
[ ] Books
[ ] Cars
[ ] Furniture
[ ] Iron ore
5. What means all the services needed for industry?
[ ] Indystructure
[ ] Infostructure
[ ] Infrastructure
[ ] Interstructure
6. A payment that has to be made on imports and exports is usually called a what?
[ ] Goods levy
[ ] Tariff
[ ] Trade tax
[ ] Travel toll
7. What do the letters TNC mean?
[ ] Totally National Company
[ ] Trade Names Council
[ ] Transnational Corporation
[ ] Trans-Nile Corporation
8. Which system ensures poor farmers get a good price?
[ ] Equal Opportunities
[ ] Fair Trade
[ ] Honest Marketing
[ ] Rough Trade
9. Fair Trade began in 1993 with which crop?
[ ] Bananas
[ ] Cocoa
[ ] Cotton
[ ] Rubber
10. Roughly what percentage of the cost of a jar of coffee goes to the bean growing country?
[ ] 0.05
[ ] 0.2
[ ] 0.5
[ ] 0.75

You can find more about this topic by visiting BBC Bitesize - Development and globalisation

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Geography Quiz - Trade and Development 01 (Answers)
1. If a country's exports have greater value than its imports it has a what?
[ ] Trade overflow
[ ] Trade overlap
[ ] Trade remainder
[x] Trade surplus
The opposite is a trade deficit
2. A country relying on just a few exports suffers what?
[ ] Exclusivity
[x] Overdependence
[ ] Selectivity
[ ] Underambition
It will be vulnerable to problems that may arise with those exports e.g. a fall in market value
3. Set up in 1995, what is the WTO?
[ ] Welsh Trading Office
[ ] Wider Trading Office
[x] World Trade Organisation
[ ] World Transport Organisation
It aims to promote trade and reduce trade barriers
4. Which of these is a primary trading product?
[ ] Books
[ ] Cars
[ ] Furniture
[x] Iron ore
Primary products are raw materials and food
5. What means all the services needed for industry?
[ ] Indystructure
[ ] Infostructure
[x] Infrastructure
[ ] Interstructure
For example roads, electricity supply, water supply
6. A payment that has to be made on imports and exports is usually called a what?
[ ] Goods levy
[x] Tariff
[ ] Trade tax
[ ] Travel toll
Countries can negotiate special tariffs in order to promote trade between them
7. What do the letters TNC mean?
[ ] Totally National Company
[ ] Trade Names Council
[x] Transnational Corporation
[ ] Trans-Nile Corporation
A large company based in more than one country e.g. Nike
8. Which system ensures poor farmers get a good price?
[ ] Equal Opportunities
[x] Fair Trade
[ ] Honest Marketing
[ ] Rough Trade
Some businesses in MEDCs see fair trade as being important
9. Fair Trade began in 1993 with which crop?
[ ] Bananas
[x] Cocoa
[ ] Cotton
[ ] Rubber
Cocoa beans are the raw material for chocolate
10. Roughly what percentage of the cost of a jar of coffee goes to the bean growing country?
[ ] 0.05
[x] 0.2
[ ] 0.5
[ ] 0.75
This is low and not a good example of fair trade!