Which of the following statements best supports the concept of countertrade?
A) Barter opportunities tend to increase during economic downturns.
B) Outsourcing and importing are ways to seek foreign customers.
C) Licensing and franchising are ways to seek foreign suppliers.
D) Countries with the lowest trade barriers have the most competition.

Question

Quizplus · Accepted Answer

Countertrade often involves barter or other forms of trade that do not rely on currency exchange, which can become more prevalent during economic downturns when currency values are unstable or when countries face foreign exchange shortages.

Which of the Following Statements Best Supports the Concept of Countertrade