Which of the following countries is involved in countertrade?
A) An Asian country that imports cotton from an African country and resells it to other countries
B) A North American country that experiences more cash outflow than inflow
C) An Asian country that provides sugarcane to an African country in exchange for jute
D) A European country whose total value of exports is higher than its imports

Question

Quizplus · Accepted Answer

Countertrade involves the exchange of goods or services between countries without using cash. In this case, the Asian country exchanging sugarcane for jute with an African country is an example of countertrade.

Which of the Following Countries Is Involved in Countertrade