Nipennie and Mirasa, Two Developing Countries, Bartered Cotton for Jute

question 3

Multiple Choice

Nipennie and Mirasa, two developing countries, bartered cotton for jute rather than for currency. In this scenario, the two countries engaged in _____.

• A) foreign franchising
• B) fair trade
• C) arbitrage
• D) countertrade

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Definitions:

Higher Response Rate

Refers to the proportion of individuals who respond to a survey or request out of the total number approached, indicating the effectiveness of the engagement strategy.

Traditional Surveys

Methods of data collection involving questionnaires or interviews to gather information from a group of people.

Panel Study

Research in which the same sample of subjects is studied at two or more points in time, usually to assess changes that occur over time.

Focus Group

A research method that gathers a group of people to discuss a particular topic or product in detail, guided by a moderator.