All Flashcards
What is an Export Commodity?
Goods produced in one country and sold to another, such as wheat, cotton, and oil.
What is a Luxury Crop?
High-value crops not essential for survival, like coffee, cocoa, and tobacco.
Define Neocolonialism.
Economic and political control of developing countries by powerful nations, often through corporations and trade.
What is a Fair Trade Agreement?
Agreements promoting fair treatment of workers and sustainable practices, setting minimum prices and requiring environmentally responsible methods.
What is a Subsidy?
Government financial support to businesses or individuals to promote specific goals.
Define Infrastructure.
Basic physical and organizational structures needed for society to function, such as roads, bridges, power supplies, and schools.
What are the steps in a smartphone's global supply chain?
Design in US, sourcing raw materials globally, manufacturing in countries like China and Vietnam, shipping to global distribution centers, delivery to customer.
What is the impact of a drought on the global soybean market?
Reduced soybean production, decreased global supply, increased prices, countries relying on imports seek alternatives or pay more, countries with surpluses see increased demand.
How does transportation infrastructure affect food distribution?
Good infrastructure facilitates import/export, improving access to diverse foods. Poor infrastructure limits market access, causing food shortages.
How do trade policies affect food distribution?
Tariffs and quotas regulate food flow, impacting availability and prices in different regions.
How does market demand affect food distribution?
Demand for specific foods influences distribution, leading to increased production and trade of those items.
How does political/economic instability affect food distribution?
Conflicts and recessions disrupt food systems, causing shortages and price fluctuations.
How do climate/natural disasters affect food distribution?
Droughts and hurricanes impact production, leading to decreased supply and increased prices.
How do agricultural practices affect food distribution?
Pesticide use and irrigation affect food quality, impacting distribution within and between countries.
How do food safety regulations affect food distribution?
Impact distribution within and between countries, ensuring quality and safety standards are met.
How does food waste affect food distribution?
Waste affects overall food availability, reducing the amount of food that reaches consumers.