International Exchange in Which Countries Both Import and Export the Same

question 112

Multiple Choice

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

• A) one-way trade.
• B) strategic trade.
• C) two-way trade.
• D) multilateral trade.

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Definitions:

Assignor

The maker of an assignment.

Donee Beneficiary

A third party who benefits from a contract made between two other parties, intended by those parties to receive a benefit from the contract.

Delegation of Duty

The act of assigning responsibility or authority from one person to another to perform a specific task or duty.

Assignment

The transfer of rights, property, or obligations from one party to another.