Idle Time Gaming,Inc.needed silicon wafers that it knew could be mass produced efficiently by Silicon City,Inc. ,a start-up firm in Indi
A.The Indian company needed MSG metallurgical grade silicon)in order to make the wafers,which it knew it could get from a Chinese firm.The Chinese firm mostly owned by the Chinese government)agreed to supply the silicon to the Indian company if it could get a certain quantity of gaming hardware from Idle Time.This beneficial exchange is described as countertrading.

Question

Quizplus · Accepted Answer

Countertrading is a reciprocal trading agreement where goods and services are exchanged for other goods and services instead of for hard currency. In this scenario, the exchange of silicon for gaming hardware fits the definition of countertrading.