Question on: JAMB Economics - 2024
Which of these is NOT associated with the problem of internal trade?
A
bargaining
B
market trade unions
C
lack of specialization
D
natural barriers
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Correct Option: B
Internal trade is the exchange of goods and services within a country. Problems generally include:
- Lack of specialization: Leads to inefficiency as producers may not focus on what they do best.
- Natural barriers: Mountains, rivers, or deserts can make transportation and trade difficult.
- Bargaining: Part of trade, but not necessarily a problem associated with it.
Market trade unions are not typically a problem; they may improve fairness and working conditions for involved workers.
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