Specialization and Trade in Africa

What does trade give to buyers?

• nothing

• a wider variety of goods and services from which to choose.

• resources

• a headache

The United Nations has forbidden the importing of weapons into Africa. This is an example of a(n)

• tariff

• quota

• embargo

To give its farmers an advantage, Nigeria has placed a high tax on imported rice. This is an example of a(n)

• tariff

• quota

• embargo

If the United States limited the amount of cocoa that U. S. business can import from West Africa, that would be an example of a(n)

• tariff

• quota

• embargo

The Ivory Coast specializes in the production of

• oil

• snacks

• cocoa beans and cocoa products

• machines & parts

What country is the number one consumer of cocoa beans from the Ivory Coast?

• Nigeria

• China

• United States

• Netherlands

Why does international trade require a currency exchange?

• Most African nations don't have gold.

• Most African nations have their own currency.

• Most African nations only have silver.

• Coin are too heavy.

All of the following are roadblocks to trade except for

• embargoes

• tariffs

• quotas

• free trade zone

Nigeria overspecializes in the production of which good?

• Petroleum Oil

• sugar

• coal

• cocoa

Rather than burn coal and oil, many countries invest in renewable energy, such as solar power and electricity. How might this trend impact Nigeria's economy in the future?

• It will have no effect on Nigeria's economy.

• Agriculture and foodstuff could become less important.

• Nigeria's economy could grow as demand for oil increases

• Less demand for oil worldwide could hurt Nigeria's economy.