Which of the Following Statements Is True of the World

Multiple Choice

Which of the following statements is true of the world price of a good?

A) It is determined by the World Bank.
B) It is determined by the intersection of the world supply and world demand curves for the good.
C) It is always less than the domestic price of the good in the country that exports the good.
D) It is always greater than the domestic price of the good in the country that imports the good.