VOICED : Wild times as Madagascar rides vanilla price bubble
Interactive Video
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Business
•
10th Grade - University
•
Hard
Wayground Content
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5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the main challenges faced by traders in the Madagascar vanilla industry?
High transportation costs
Lack of vanilla supply
Dishonesty and scams
Poor weather conditions
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What has caused the value of vanilla to triple in recent years?
Government subsidies
New vanilla varieties
Increased global demand
Improved farming techniques
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What percentage of the world's vanilla is produced by Madagascar?
50%
60%
80%
90%
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why do some vanilla growers in Madagascar harvest their pods early?
To meet export deadlines
Fear of theft
To improve flavor
To reduce labor costs
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a significant issue with the wealth generated from the vanilla industry in Madagascar?
It is primarily spent on marketing
It is used to import foreign goods
It is not reinvested into the local economy
It is heavily taxed by the government
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