Which of the Following Is True of Countertrading

question 73

Multiple Choice

Which of the following is true of countertrading?

• A) Frequently there is inadequate time to conduct a market analysis in a countertrade negotiation.
• B) Identifying countries that have a history of countertrading is the biggest problem with countertrading.
• C) The use of countertrading to sell a product implies that the demand for the product is highly elastic.
• D) Countertrading does not benefit countries that face a shortage of hard currencies with which to trade.
• E) The U.S. dollar is the reserve currency that is used in countertrades.

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Definitions:

Inferential Statistics

The branch of statistics that allows for making predictions or inferences about a population based on a sample of data.

Descriptive Statistics

Statistical methods that summarize and organize data into patterns and trends, without drawing conclusions or inferring beyond the data.

Correlation Coefficient

A statistical measure that calculates the extent to which two variables change together or the degree of association between them.

Correlate

To have a mutual relationship or connection, in which one thing affects or depends on another.