Question

Why does the ITA believe that fair trade is important to US businesses and to the world? Choose three correct answers.
Responses

Fair trade reduces the number of US exports by making products more expensive.
Fair trade reduces the number of US exports by making products more expensive.

Fair trade helps US families save an estimated $7,800 per year by eliminating global trade barriers.
Fair trade helps US families save an estimated $7,800 per year by eliminating global trade barriers.

Fair trade makes it easier for foreign countries to impose tariffs on US goods.
Fair trade makes it easier for foreign countries to impose tariffs on US goods.

Fair trade increases the standard of living for the average US worker by improving market access.
Fair trade increases the standard of living for the average US worker by improving market access.

Fair trade can lift 300–500 million of the world's poor out of poverty over the next 15 years.

Answer 1

Correct answers:

- Fair trade helps US families save an estimated $7,800 per year by eliminating global trade barriers.
- Fair trade increases the standard of living for the average US worker by improving market access.
- Fair trade can lift 300–500 million of the world's poor out of poverty over the next 15 years.

Brief why: ITA argues that open, rules-based (fair) trade lowers consumer prices, expands export opportunities and wages for U.S. workers, and promotes global economic growth that can reduce poverty worldwide.