(a) Account for the inter-dependence in trade between Nigeria and Britain
(b) What four factors may limit this trade?
(c) State three ways by which the trade between the two countries can be improved
(b) What four factors may limit this trade?
(c) State three ways by which the trade between the two countries can be improved
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Correct Answer: Option n
Explanation:
(a) Inter-dependence in trade between Nigeria and Britain include:
(i) Differences in physical setting, e.g climate
(ii) Differences in products - agricultural and manufactured goods
(iii) The need to earn foreign exchange
(iv) Colonial linkage
(b) Four factors limiting the trade include:
(i) Inadequate production of goods
(ii) Low demand for products
(iii) Political instability
(iv) High tariffs on goods
(c) Three ways of improving the trade include:
(i) Increased production by both countries
(ii) Membership of the same international economic organisation
(iii) Increased international co-operation between both countries
(a) Inter-dependence in trade between Nigeria and Britain include:
(i) Differences in physical setting, e.g climate
(ii) Differences in products - agricultural and manufactured goods
(iii) The need to earn foreign exchange
(iv) Colonial linkage
(b) Four factors limiting the trade include:
(i) Inadequate production of goods
(ii) Low demand for products
(iii) Political instability
(iv) High tariffs on goods
(c) Three ways of improving the trade include:
(i) Increased production by both countries
(ii) Membership of the same international economic organisation
(iii) Increased international co-operation between both countries