| Trade and Aid | ||
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| 1. Terms |
i) The goods that are sold to another country …………………… |
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ii) The goods that are bought from another country ………………….. |
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iii) The movement of goods and services between countries ………………………. |
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iv) When the costs of imports is more than the value of exports = trade ..… |
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v) LEDCs mainly export low value ………………………… ……………………… |
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vi) MEDCs export higher value …………………………….. …………………….. |
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vii) LEDCs share of world export income since 1999 = ……….% |
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viii) MEDCs share of world export income since 1999 = ………% |
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ix) The difference between exports and imports either a surplus o a deficit is called the ……………… of ……………. . |
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| x) Countries working together and relying on each other for help is called ………….... | ||
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| 2. a) | Compare the LEDC share of World trade with the MEDC share of world trade. | |
| 2. b) | Explain how the 'circle of world trade' helps to keep LEDCs in debt. | |