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Lesson 82 of 84 · Trade and Commerce
The World Trade Organization
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?