The Malaysian government recently exchanged 20,000 tons of rice for an equivalent amount of Philippine corn.This transaction is an example of (a)
A)countertrade.
B)competitive advantage.
C)balance of trade.
D)quota.
E)trade feedback.

Question

Quizplus · Accepted Answer

This transaction is an example of countertrade, which involves the exchange of goods or services for other goods or services instead of currency. In this case, the Malaysian government exchanged rice for corn with the Philippine government.

The Malaysian Government Recently Exchanged 20,000 Tons of Rice for an Equivalent