(a) Name: (i) two major export… | Geography

Question 1 Report

(a) Name: (i) two major export items from your country
(ii) two major import items to your country
(iii) two major trading partners of your country.

(b) Highlight four benefits your country derives from trading with other countries

Answer

Answer Details

Answer based on Nigeria as the candidate's country.

(a)(i) Two major export items

(a)(ii) Two major import items

(a)(iii) Two major trading partners

China
United States of America (others include Britain, Japan, Germany, Italy and South Korea)

(b) Four benefits from trading with other countries

It provides foreign exchange for the country.
It fosters international co-operation and friendly relations with other nations.
It provides employment and generates revenue to government and income to individuals.
It encourages specialisation in production and makes new products available, thereby improving the standard of living.

(c) Three problems encountered in international trade

Inadequate foreign exchange and inadequate capital.
High tariffs imposed on goods and low demand for the country's products abroad.
Port congestion and the high cost of transportation (with smuggling and economic sabotage adding to the difficulties).

(a) Name: (i) two major export items from your country (ii) two major import items to your country (iii) two major trading partners of your country. (b) Hig...