JAMB 2024 Economics · Question 64
Which of these is NOT associated with the problem of internal trade?
Options
- A.bargaining
- B.market trade unions
- C.lack of specialization
- D.natural barriers
Answer: C. lack of specialization
Explanation written with AI and checked against the answer key
1. Analyze the question We need the option that is NOT a problem of internal (domestic/home) trade, which is trade within a country.
2. Concept Common problems of internal trade in Nigeria include:
- Poor transport and communication networks (natural barriers like rivers, swamps, hills, and forests make movement of goods difficult)
- Bad roads and poor storage facilities
- Activities of market associations or unions that fix prices or restrict entry (market trade unions)
- Middlemen, price instability, multiple levies and taxes, insecurity
- Bargaining or haggling, which is time-consuming and leads to price inconsistency, is a feature and a challenge of local markets
- Lack of standardization and information
3. Examine each option
- A. Bargaining: It is associated with internal trade, since prices are not fixed in many local markets and haggling wastes time. ✔ associated
- B. Market trade unions: They can restrict entry, fix prices, and cause disputes in markets. ✔ associated
- C. Lack of specialization: This is a general production/economic-development issue, not a specific problem of trade. Internal trade actually depends on specialization and division of labour. Lack of specialization is a problem of production, not of internal trade itself. ✘ not typically listed
- D. Natural barriers: Rivers, forests, and difficult terrain hinder movement of goods within a country. ✔ associated
4. Answer The option not associated with the problem of internal trade is C. lack of specialization.
5. Tip For "NOT associated" questions, first list the standard problems of the topic (transport, storage, middlemen, barriers, bargaining, unions), then pick the option that belongs to a different topic. Here, specialization belongs to production and division of labour, not to trade problems.
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