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Ecuador is a large producer of bananas, but it must import oil from other countries. If Ecuador made a deal with an oil producing country
Ecuador is a large producer of bananas, but it must import oil from other countries. If Ecuador made a deal with an oil producing country to use bananas as partial payment for oil, it would be engaging in Multiple Choice a product trade. a trade deficit. a balance of trade. O O countertrading. O an absolute advantage. If a company in Italy wants to produce children's clothes with Mickey Mouse on them, it must get permission from Disney and pay a fee. This is called Multiple Choice foreign licensing importing and exporting. a joint venture. piracy. global outsourcing
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