International exchange in which countries are either exporters or importers of a good, but do not do both, is called _______ trade.

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Quizplus · Accepted Answer

One-way trade is also known as unilateral trade. In this type of trade, countries only export or import a particular product, without engaging in both activities. It is usually a result of a country's natural resources or specialization in specific sectors. For example, Saudi Arabia is a major exporter of oil and gas, while Japan heavily relies on imports to satisfy its domestic needs.

International Exchange in Which Countries Are Either Exporters or Importers