If South Africa were to trade diamonds to the United States in exchange for heavy machinery, these countries would execute a(n)

Question

Quizplus · Accepted Answer

The exchange of diamonds for heavy machinery is an example of countertrade, which refers to the exchange of goods or services for other goods or services without using money as a medium of exchange. This type of transaction is often used when traditional currency is not available or when countries face trade restrictions or barriers.

If South Africa Were to Trade Diamonds to the United