AP World History Quiz
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GLOBALIZATION (1900-PRESENT)
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In a 2001–2015 report on the global economy, a West African cocoa exporter notes that trade liberalization increased foreign buyers and raised output, but world prices fell when multinational firms consolidated purchasing. The exporter also describes pressure to meet international quality standards and reliance on shipping insurance, ports, and dollar-denominated contracts. Which development best explains how producers could experience higher production yet lower incomes in this period?
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