World Trade 2

Which of the following food items are important in world trade?

• Potatoes

• Chicken

• Apples

• Rice

1. What types of goods does Nigeria primarily import as a developing country?

• 1. Raw materials

• 1. Agricultural products

• 1. Manufactured consumer and capital goods

• 1. Luxury items

What are some examples of Nigeria's agricultural export items?

• Cotton, Flax, Rubber, Cocoa

• Wheat, Apples, Meat, Corn

• Potatoes, Carrots, Onions, Spinach

• Rice, Barley, Oats, Rye

Which country is Nigeria's number one trading partner?

• USA

• France

• Italy

• Britain

1. Which factor is NOT listed as a benefit of trade to developing countries?

• 1. Provision of new products

• 1. International conflict escalation

• 1. Employment stimulation

• 1. Revenue generation through import duties

What are some examples of manufactured goods exported by Nigeria?

• Cars, Textiles, Petroleum Products, Plastic Products

• Cotton, Flax, Rubber, Cocoa

• Wheat, Apples, Meat, Corn

• Coal, Iron Ore, Gold, Petroleum

Which country imports oil from Nigeria?

• Netherlands

• Italy

• France

• USA

What is the main item accounting for more than 90% of Nigeria's export earnings?

• Gold

• Cocoa

• Rubber

• Petroleum

What is the main reason for the strong trading relations between Nigeria and Britain?

• Language barrier

• Historical link

• Cultural differences

• Geographical proximity

What is the main benefit of world trade in terms of employment?

• Stimulation of production and employment

• Increased unemployment

• Stagnation of job opportunities

• Reduction in workforce