ECONOMICS
SCARCITY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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PART TWO:If a disease were to damage the plants that produce cocoa in Ghana what effect would it have on world cocoa prices?
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World cocoa prices would go down.
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World cocoa prices would go up.
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World cocoa prices would stay the same.
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None of the above
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Explanation:
Detailed explanation-1: -Cocoa swollen shoot virus disease (CSSVD) is a major disease of cacao (Theobroma cacao L.) in Ghana and other West African countries that grow the crop.
Detailed explanation-2: -Cocoa production occurs in the country’s forested areas: Ashanti, Brong-Ahafo, Central Region, Eastern Region, Western Region, and Volta, where rainfall is 1, 000–1, 500 millimeters per year.
Detailed explanation-3: -A Ageing trees. B Plant diseases. C Badly managed farms. Old trees lose their ability to provide good yields. Plant diseases are also harming the trees. The mismanagement in cocoa farms, and higher focus on food crops have further reduced the yield.
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