82
Lesson 82 of 84 · Economics
Fair Trade and Ethical Shopping
Fair trade ensures producers in developing countries receive fair prices. Fair trade coffee, chocolate, and bananas support ethical business practices.
Key Facts
1
Every choice has an opportunity cost.
2
Money is a medium of exchange.
3
Needs are different from wants.
Check Your Understanding
Question 1
1 of 2What happens when demand is high and supply is low?