Which of the Following Countries Is Involved in Countertrade

question 5

Multiple Choice

Which of the following countries is involved in countertrade?

• A) An Asian country that imports cotton from an African country and resells it to other countries
• B) A North American country that experiences more cash outflow than inflow
• C) An Asian country that provides sugarcane to an African country in exchange for jute
• D) A European country whose total value of exports is higher than its imports

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Definitions:

Unions

Organizations formed by workers to protect their rights and interests through collective bargaining with employers.

Efficiency Wages

Wages set above the market-clearing level by employers to increase worker productivity, discourage turnover, and reduce shirking.

Nutritious Diet

A diet that provides all the essential nutrients in correct proportions for healthy living.

Market Power

The ability of a firm or group of firms to control prices or exclude competition in a market.