What is countertrade? Why would a country choose to countertrade?

Countertrade is a form of exporting, whereby goods and services are bartered rather than sold for cash. Less-developed nations sometimes impose countertrade requirements when they lack sufficient foreign currency to attain products they want or need from exporting countries. These nations allow sellers to exchange their products only for domestic products as a way to control their balance-of-trade problems.

Business

You might also like to view...

What are superstructures?

What will be an ideal response?

Business

If a property was worth $233,087 two years ago and it appreciated at the rate of 6% each year, how much is it worth now?

(a) $259,633 (b) $261,057 (c) $261,897 (d) $263,942

Business