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Fluctuating chocolate prices

In this regular column, Peter Smith offers some guidance on tackling examination questions in economics

The question discussed in this issue focuses on a policy introduced by the government of the Ivory Coast (Côte d’Ivoire) in response to a sharp fall in the price of cocoa in world markets. Given the importance of cocoa for the incomes of farmers and for export revenues, this price fall was seen to be potentially damaging for the economy.

Evaluate the likely consequences of fluctuating prices for cocoa producers.

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Of or along?

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Energy and national output

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