The Figure Below Shows the Demand (D)and Supply (S)curves of Cocoa

question 48

Multiple Choice

The figure below shows the demand (D) and supply (S) curves of cocoa in the U.S. Figure 35.4 Refer to Figure 35.4.Assume that Ghana is the only cocoa exporter supplying cocoa in the world market at $6 per pound.If the U.S.enters into a free trade agreement (FTA) with Ghana, what would be its total cocoa imports?

• A)100 pounds
• B)300 pounds
• C)200 pounds
• D)150 pounds
• E)250 pounds

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Definitions:

Jean Piaget

A Swiss psychologist renowned for his work in child development and his theory of cognitive development that explains how children construct a mental model of the world.

Reproductive Advantages

Biological or behavioral traits that increase the likelihood of an organism's genes being passed on to subsequent generations.

Environmentally Adaptive Traits

Characteristics or behaviors that enhance an organism's ability to survive and reproduce in specific environmental conditions.

Charles Darwin

A 19th-century naturalist best known for his contributions to the science of evolution, indicating that all species of organisms arise and develop through the natural selection of small, inherited variations that increase the individual's ability to compete, survive, and reproduce.