Ghana and Cote d'Ivoire are the world’s leading exporters of cocoa, which are grown and harvested by a large labour force that includes many children. Assume Ghana and Cote d'Ivoire now outlaws the use of child labour on cocoa farms and the law is properly enforced. Using economic theory and with the aid of diagrams, analyze what would happen to employment and wages in the cocoa farming industry. Use supply and demand curves in your analysis.
Ghana and Cote d'Ivoire are the world’s leading exporters of cocoa, which are grown and harvested by a large labour force that includes many children. Assume Ghana and Cote d'Ivoire now outlaws the use of child labour on cocoa farms and the law is properly enforced. Using economic theory and with the aid of diagrams, analyze what would happen to employment and wages in the cocoa farming industry. Use supply and demand curves in your analysis.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Ghana and Cote d'Ivoire are the world’s leading exporters of cocoa, which are grown
and harvested by a large labour force that includes many children. Assume Ghana and
Cote d'Ivoire now outlaws the use of child labour on cocoa farms and the law is properly
enforced. Using economic theory and with the aid of diagrams, analyze what would
happen to employment and wages in the cocoa farming industry. Use
demand
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