Compare and contrast the trade relations between Nigeria and the United Kingdom with that between Nigeria and Japan
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Correct Answer: Option n
Explanation:
(a) Trade between Nigeria and United Kingdom and that between Nigeria and Japan.
Similarities:
(i) There is importation of finished products from both countries
(ii) There is export of primary products to both countries
(iii) There is importation of skilled labour from both countries
(iv) There is importation of technology from both countries.
Differences:
(i) There is older trade relationship with U.K than Japan
(ii) There is greater volume of trade with the U.K
(iii) Exportation of crude oil to Japan and none to U.K
(iv) Importation of finished goods to Nigeria from Japan than U.K
(a) Trade between Nigeria and United Kingdom and that between Nigeria and Japan.
Similarities:
(i) There is importation of finished products from both countries
(ii) There is export of primary products to both countries
(iii) There is importation of skilled labour from both countries
(iv) There is importation of technology from both countries.
Differences:
(i) There is older trade relationship with U.K than Japan
(ii) There is greater volume of trade with the U.K
(iii) Exportation of crude oil to Japan and none to U.K
(iv) Importation of finished goods to Nigeria from Japan than U.K