4. Which of the following is the best interpretation of the saying “cotton is king"?
a) Cotton was the only crop exported by the United States at the time.
b) The American Civil War was fought only over control of the cotton crop.
c) The cotton industry helped transition the colonies to a monarchy.
d) The cotton industry heavily influenced the economics and politics at the
time.

The world trade organization (wto), which was formed in 1995, trades without discrimination. which of these best describes what this principle means? all its member countries charge the same prices for basic commodities such as wheat and lumber. b) all its member countries do not trade with countries which had discriminatory racial policies. c) all its member countries trade only with countries that sign the wto agreement. d) all its member countries open their markets equally to all member nations. answer is d