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Ecuador Is a Large Producer of Bananas, but It Must

Question 11

Multiple Choice

Ecuador is a large producer of bananas, but it must import oil from other countries. If Ecuador made a deal with an oil producing country to use bananas as partial payment for oil, it would be engaging in


A) a product trade.
B) a trade deficit.
C) a balance of trade.
D) countertrading.
E) an absolute advantage.

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