A U.S.agricultural producer sells wheat to a small country in Africa.The country pays the U.S.company in seafood.This is an example of _____.
A)countertrade
B)direct exporting
C)foreign licensing
D)international production

Question

Quizplus · Accepted Answer

This is an example of countertrade, where goods are exchanged directly for other goods without the use of money. In this case, wheat is being exchanged for seafood.

A USAgricultural Producer Sells Wheat to a Small Country in Africa