Question Detail

GST 112 Study Session 9: Political Economy and Culture of Underdevelopment In Nigeria Objective Question
Take CBT

Question

How did colonial trading firms primarily repatriate resources from Nigeria to Britain?
Options
A By reinvesting all profits in local infrastructure.
B Through fair and transparent trade practices.
C By fixing arbitrarily low prices for Nigerian produce and high prices for imported goods.
Correct Answer
D By offering competitive wages to local laborers.
Correct Answer

Option C is the correct answer.

Detailed Explanation

The document states that resources were 'mobilised and repatriated by the firms to Britain through criminally low prices offered Nigerian producers and through scandalously high prices demanded for imported items.'

Hint

Consider the concept of 'unequal exchange' in colonial trade.

Question Info

Course: GST 112
Topic: Study Session 9: Political Economy and Culture of Underdevelopment In Nigeria
Type: Objective
Difficulty: Not specified
Question 536 of 1270
Previous Course Details Next