Goodyear Tire and Rubber Company provided China with the materials and training needed to establish a printing plant in exchange for finished labels that Goodyear attaches to its tires. What is this an example of?
A)exchange control
B)price control
C)exchange adaptation
D)countertrade

Question

Quizplus · Accepted Answer

This is an example of countertrade, which involves the exchange of goods or services instead of currency. In this case, Goodyear provided materials and training to China in exchange for finished labels to attach to its tires.

Goodyear Tire and Rubber Company Provided China with the Materials