Countertrading can be utilized by a country as a way to control its balance-of-trade problems.

Question

Quizplus · Accepted Answer

Countertrading refers to a type of trade in which goods or services are exchanged for other goods or services instead of currency. This practice can be used by a country to address its balance-of-trade problems by reducing reliance on the imports of foreign currency or goods. In this way, countertrading can help a country control its trade deficit and improve its balance of payments. Therefore, the statement is true.

Countertrading Can Be Utilized by a Country as a Way