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Specification:
Click to read the article and then answer the questions:
The rising cost of a caffeine fix
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What are the forces driving rising cocoa and coffee prices?
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What does the article suggest about the price elasticity of demand for chocolate and coffee?
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Explain what the term “first do no harm” refers to in the context of government economic intervention
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The article focuses on the disadvantages of rising commodity prices. What advantages might result from rising prices?
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Evaluate the likely effectiveness of national and global measures to achieve greater stability in commodity markets
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Climate change is playing an important part in rising commodity prices. What can economic analysis and policymaking contribute to efforts to mitigate the effects of climate change?
David Thaw, Harrow International School Appi Japan
