Challenges And Opportunities Which Globalization Presents To The Nigerian Economy - SS3 Economics Past Questions & Answers - page 1

1

What is a key challenge that globalization presents to the Nigerian economy?

A

Decreased competition

B

Dependence on exports

 

C

Equal distribution of benefits

D

Reduced environmental concerns

CORRECT OPTION: b
2

What is an opportunity that globalization presents to the Nigerian economy?

A

Increased competition from companies based in other countries

B

Dependence on a single export

 

C

Foreign investment

D

Environmental concerns

CORRECT OPTION: c
3

What is a challenge that globalization presents to Nigerian businesses?

A

Increased access to markets

B

Technological advancements

C

Increased competition from companies based in other countries

 

D

Cultural exchange

CORRECT OPTION: c
4

What is an opportunity that globalization presents to Nigerian culture?

A

 Increased inequality within Nigeria

B

Unequal distribution of benefits

C

Environmental concerns

 

D

Cultural exchange

CORRECT OPTION: d
5

What is a policy that Nigeria can adopt to maximize the benefits of globalization?

A

Depend solely on oil exports

B

Ignore technological advancements

 

C

Promote sustainable development

D

Reduce access to markets

CORRECT OPTION: c
6

List two examples of challenges that globalization presents to the Nigerian economy.

Examples of challenges that globalization presents to the Nigerian economy include increased competition and dependence on exports.

 

7

List two examples of opportunities that globalization presents to Nigerian businesses?

Examples of opportunities that globalization presents to Nigerian businesses include increased access to markets and technological advancements.

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