Which term refers to the global market value of sea cucumber, stated as $6.8 billion for 200,000 tonnes?

Which term refers to the global market value of sea cucumber, stated as $6.8 billion for 200,000 tonnes?

• A. Market for sea cucumbers
• B. Good
• C. Global market value of sea cucumber
• D. Importance of seagrass in Shark Bay

Answer: (C)

Global market value is the total monetary worth of a commodity in the world market, combining price and the quantity traded across all markets. Here, the sea cucumber trade is worth $6.8 billion for a total of 200,000 tonnes, so the global market value reflects the overall economic value of that commodity worldwide (about $34,000 per tonne). This differs from the market for sea cucumbers (the structure of demand and supply), a generic “good,” or an unrelated ecological topic like seagrass in Shark Bay.

Global market value is the total monetary worth of a commodity in the world market, combining price and the quantity traded across all markets. Here, the sea cucumber trade is worth $6.8 billion for a total of 200,000 tonnes, so the global market value reflects the overall economic value of that commodity worldwide (about $34,000 per tonne). This differs from the market for sea cucumbers (the structure of demand and supply), a generic “good,” or an unrelated ecological topic like seagrass in Shark Bay.