NABTEB GCE (Geography) ANSWER OBJ & ESSAY – 2020/2021 EXPO
The long awaited and highly anticipated 2020/2021 NABTEB GCE Geography (Obj & Essay) Solution Expo Questions and Answer which is supposed to be written in Nov/Dec but now Jan/Feb is around the corner for Senior School Certificate Examination (SSCE).
Here is the schedule of the examination
Monday 8th February
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*OLEVEL NABTEB GEOGRAPHY*
*PART II(HUMAN AND ECONOMIC GEOGRAPHY)*
International trade is the exchange of capital, goods, and services across international borders or territories because there is a need or want of goods or services. In most countries, such trade represents a significant share of gross domestic product.
(Choose Any Four)
(ii) Petroleum or crude oil
(vi) palm oil
(Choose Any Five)
(i) High cost of transportation: This has some negative effects on the final cost of finished goods as the consumers will find it difficult to buy
(ii) Inadequate capital: Inadequate capital among the countries involved in international trade may limit the volume of trade
(iii) colonial ties: The existence of colonial ties between developed and developing countries has posed some problems in international trade
(iv) unfavourable balance of trade:Unfavorable balance of trade could lead to low production of goods by the country affected
(v) low value of currency : When the value of a country’s currency is very low, such country finds it difficult to transact meaningful trade with another country
(vi)Government policies: Deliberate government policies in most cases can lead to problems in trade between two nations
(Choose Any Two)
(i) strained international relations
(ii) inadequate production of goods
(iii) low demand for products
(iv) inadequate foreign exchange
(v) High tariffs on goods
(Choose Any two)
(i) Encouraging specialization in production
(ii) There should be improvement in technology
(iii) There should be protection from foreign competition
(iv) There should be construction of Trans-continental transport network
(v) The saving capacity of the people should be improved by way of salary/wages
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