Countertrading Does Not Benefit Countries That Face a Shortage of Hard

question 77

True/False

Countertrading does not benefit countries that face a shortage of hard currencies with which to trade.

---

Definitions:

Trade Deficits

A situation in which a country imports more goods and services than it exports, leading to a negative balance of trade.

King George III

Monarch of Great Britain and Ireland from 1760 until 1820, whose reign included significant events such as the American Revolutionary War and the Napoleonic Wars.

George Grenville

A British politician who served as Prime Minister and is known for implementing policies that contributed to the American Revolution.

British Revenue

Financial income generated by the UK government from taxes, levies, fees, and other sources.