Around the World Activity

Chapter 8 Perfect Competition—Around the World

Read the following articles and pages in order to answer the below questions.

"Coffee, Other Mild Arabicas - Daily Prices - 6 months", IndexMundi
"Coffee, Other Mild Arabicas - Daily Prices - 30 years", IndexMundi
"The Hidden Costs of Coffee", Serious Eats
"Coffee production worldwide in 2015, by country (in 1,000 60 kilogram bags)", Statista

Question

1. According to the webpage "Coffee, Other Mild Arabicas - Daily Prices - 6 months," in May 2016, the price of coffee was:

154.20 U.S. cents per pound.

148.94 U.S. cents per pound.

155.40 U.S. cents per pound.

156.94 U.S. cents per pound.

Question

2. According to the webpage "Coffee, Other Mild Arabicas - Daily Prices - 30 years," over the last 30 years, the highest price of coffee in U.S. cents per pound was:

128.03.

288.08.

249.50.

302.71.

Question

3. According to the article on Serious Eats, a pound of coffee equals how many grams?

440

448

500

550

Question

4. In addition to the cost of the coffee beans themselves, other expenses include:

taxes and tariffs in the country of origin as well as the final destination.

warehousing and packaging fees.

shipping costs.

all of these.

freight expenses.

Question

5. According to Statista, in 2015, Vietnam produced:

27.5 million 60-kilogram bags of coffee.

12.32 million 60-kilogram bags of coffee.

43.2 million 60-kilogram bags of coffee.

13.5 million 60-kilogram bags of coffee.