The price of sugar that prevails in international markets is called the
A)export price of sugar.
B)import price of sugar.
C)comparative-advantage price of sugar.
D)world price of sugar.

Question

Quizplus · Accepted Answer

The prevailing price of sugar in international markets is called the world price of sugar. This price is influenced by various factors, such as supply and demand, production costs, and government policies. It serves as a benchmark for domestic prices and affects the trade of sugar between countries.

The Price of Sugar That Prevails in International Markets Is