Goodyear Tire and Rubber Company provided China with the materials and training needed to establish a printing plant in exchange for finished labels.This is an example of a(n):
A) exchange control
B) price control
C) tariff
D) countertrade
E) exchange adaptation

Question

Quizplus · Accepted Answer

This is an example of countertrade, which involves the exchange of goods and services instead of currency as a means of payment in international trade. Goodyear Tire and Rubber Company provided materials and training, which are goods and services, in exchange for finished labels from China's printing plant.

Goodyear Tire and Rubber Company Provided China with the Materials