Trading firms that work out elaborate deals in which they trade or barter their products with one another or even supply goods in return for tax breaks from the local government are using ________.

Question

Quizplus · Accepted Answer

The practice described is known as countertrade, in which firms engage in the exchange of goods or services instead of using traditional currency. This can be especially useful in situations where a particular currency may be difficult to obtain or unstable. Bribery, privatization, zero-sum games, and dumping strategies are not relevant to the scenario described.

Trading Firms That Work Out Elaborate Deals in Which They