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The world price of cotton is the highest price of cotton observed anywhere in the world. a. TRUE b. FALSE
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The world price of cotton is the highest price of cotton observed anywhere in the world. a. TRUE b. FALSE

User Martega
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Answer:

False

Step-by-step explanation:

Globalization and all the available information, virtually put an end or at least reduced international arbitrage considerably. Nowadays, the prices of commodities and many other products are known to everyone in the world and therefore are similar all around the world. That is the concept behind the word price. The world price is the average price of a good traded in international markets.

User Ozmike
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