International exchange in which countries both import and export the same good is called:

Question

Quizplus · Accepted Answer

Two-way trade involves both countries importing and exporting the same good, creating a mutually beneficial exchange of goods and services. One-way trade would imply that only one country is either importing or exporting the good. Strategic trade and multilateral trade are not accurate descriptions of this type of exchange.

International Exchange in Which Countries Both Import and Export the Same