The country of ABC sells mining equipment to the country of XYZ in return for cigars.This is an example of _____.
A)countertrade
B)direct exporting
C)foreign licensing
D)international production

Question

Quizplus · Accepted Answer

This is an example of countertrade, which occurs when goods or services are exchanged for other goods or services instead of for money. In this case, mining equipment is being exchanged for cigars.

The Country of ABC Sells Mining Equipment to the Country