A USFirm Sells Some Products to China

question 138

Multiple Choice

A U.S.firm sells some products to China.China pays the U.S.firm in dollars,but in exchange,the U.S.firm agrees to spend some of its proceeds from the sale on textiles produced by China.Which type of countertrade is this?

• A)Switch trading
• B)Buyback
• C)Counterpurchase
• D)Barter

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Definitions:

Immigrant Groups

Communities or collections of individuals who have relocated from one country to another, often bringing diverse cultures, languages, and traditions to their new home.

Immigration Quotas

Government-imposed limits on the number of immigrants allowed to enter a country each year.

Pluralist Vision

An approach or perspective that recognizes and affirms diversity within a political or social context, advocating for a society where multiple groups can coexist and contribute to a common life while maintaining their distinct identities.

Social Minorities

Groups within a society that are differentiated by cultural, ethnic, racial, or religious identities and often have less power or fewer rights than the majority.