The sale of goods and services to a country by a company that promises to buy a specific product from that country in the future is called a(n)________.
A) counterpurchase
B) offset
C) joint venture
D) barter

Question

Quizplus · Accepted Answer

A counterpurchase is a type of international trade in which a company agrees to buy goods or services from a country in exchange for a promise to purchase a specific product from that same country in the future. This helps to encourage trade between the two countries and can help to balance out trade imbalances that might exist. Options B and C are not correct as they refer to different types of international trade agreements, and option D is not correct as it involves the exchange of goods or services directly, rather than a promise for future purchases.

The Sale of Goods and Services to a Country by a Company