Trade and Aid
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1. Terms

i)      The goods that are sold to another country ……………………

 
 

ii)     The goods that are bought from another country     …………………..

 
 

iii)    The movement of goods and services between countries      ……………………….

 
 

iv)    When the costs of imports is more than the value of exports = trade ..…

 
 

v)      LEDCs mainly export low value …………………………  ………………………

 
 

vi)     MEDCs export higher value ……………………………..    ……………………..

 
 

vii)    LEDCs share of world export income since 1999 = ……….%

 
 

viii)   MEDCs share of world export income since 1999 = ………%

 
 

ix)     The difference between exports and imports either  a surplus o a deficit is called the ……………… of ……………. .

 
                     x)    Countries working together and relying on each other for help is called …………....  
     
 

 

 
     
 
   
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.