Asked by Hunter McGaughey on May 26, 2024
Verified
Countertrade deals are generally avoided by countries with heavy debt burdens.
Countertrade Deals
Transactions where goods and services are exchanged directly for other goods and services, without using currency as an intermediary.
Heavy Debt Burdens
Refers to situations where individuals, companies, or countries owe large amounts of money, making it difficult to manage finances or invest for the future.
- Acquire knowledge about the methods and merits of various export and trade tactics.
Verified Answer
ME
manolo espanaMay 31, 2024
Final Answer :
False
Explanation :
Countertrade deals are often pursued by countries with heavy debt burdens as a way to facilitate trade without the need for hard currency, which can be scarce in such economies.
Learning Objectives
- Acquire knowledge about the methods and merits of various export and trade tactics.
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