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2.6 The international economy (A-level only)

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Question 25

Extract A: Cocoa Export Dependency and Global Price Volatility

Cocoa beans and processed cocoa products represent over 40% of Côte d’Ivoire’s merchandise export earnings and serve as a primary source of fiscal revenue through export tariffs and corporate taxes on multinational agribusinesses. A sustained structural shift in global consumer preferences towards low-sugar alternatives, combined with significant agricultural oversupply from emerging producers, has resulted in a prolonged, low world market price for cocoa.

Explain how a sustained low world market price for cocoa would be likely to affect the economic development of a less economically developed cocoa-dependent economy such as Côte d’Ivoire or Ghana.

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Markscheme

2.6 The international economy (A-level only) Questions

  1. A Level
  2. /Economics
  3. /2.6 The international economy (A-level only)

310 exam-style questions on AQA A Level Economics 2.6 The international economy (A-level only), covering 2.6.1 Globalisation, 2.6.2 Trade, 2.6.3 The balance of payments, 2.6.4 Exchange rate systems, and 2.6.5 Economic growth and development. Each one has a worked solution and a mark scheme showing where the marks go.

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