Podcast
Questions and Answers
Which industry does not contribute to the goods and services traded in Trinidad and Tobago?
Which industry does not contribute to the goods and services traded in Trinidad and Tobago?
- Mining (correct)
- Petroleum production
- Tourism
- Manufacturing
What are some non-food agro based products that contribute to Trinidad and Tobago's economy?
What are some non-food agro based products that contribute to Trinidad and Tobago's economy?
- Furniture and serving trays (correct)
- Clothing and shoes
- Cars and electronics
- Cosmetics and skincare products
How does the non-food agro based industry in Trinidad and Tobago contribute to reducing unemployment?
How does the non-food agro based industry in Trinidad and Tobago contribute to reducing unemployment?
- By investing in the petroleum industry
- By promoting tourism
- By providing jobs for creative people (correct)
- By importing goods from other countries
What is the benefit of buying locally produced agro-based goods in Trinidad and Tobago?
What is the benefit of buying locally produced agro-based goods in Trinidad and Tobago?
What is the aim of a good economy in Trinidad and Tobago?
What is the aim of a good economy in Trinidad and Tobago?
How do agro-based products contribute to Trinidad and Tobago's economy?
How do agro-based products contribute to Trinidad and Tobago's economy?
Which of the following is a benefit of buying locally produced agro-based goods in Trinidad and Tobago?
Which of the following is a benefit of buying locally produced agro-based goods in Trinidad and Tobago?
What is the role of agro-based products in helping Trinidad and Tobago's economy?
What is the role of agro-based products in helping Trinidad and Tobago's economy?
What is the aim of a good economy in Trinidad and Tobago?
What is the aim of a good economy in Trinidad and Tobago?
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Study Notes
Agro-based Industry in Trinidad and Tobago
- The non-food agro-based industry in Trinidad and Tobago does not contribute to the goods and services traded.
Agro-based Products in Trinidad and Tobago
- Non-food agro-based products contributing to Trinidad and Tobago's economy include: • Cosmetics • Soaps • Candles • Furniture • Craft items
Unemployment Reduction
- The non-food agro-based industry in Trinidad and Tobago contributes to reducing unemployment by creating jobs in manufacturing, processing, and marketing.
Benefits of Buying Locally
- Buying locally produced agro-based goods in Trinidad and Tobago benefits the economy by: • Reducing dependence on imported goods • Increasing foreign exchange earnings • Encouraging local entrepreneurship • Creating employment opportunities
Aim of a Good Economy
- The aim of a good economy in Trinidad and Tobago is to provide goods and services that meet the needs of the population, while creating opportunities for economic growth and development.
Contribution to Economy
- Agro-based products contribute to Trinidad and Tobago's economy by: • Generating foreign exchange earnings • Creating employment opportunities • Encouraging local entrepreneurship • Diversifying the economy
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