A U.S.agricultural producer sells wheat to a small country in Africa.The country pays the U.S.company in seafood.This is an example of _____.

A) countertrade
B) direct exporting
C) foreign licensing
D) international production

Countertrade

Barter agreement whereby trade between two or more nations involves payment made in the form of local products instead of currency.

Direct Exporting

A method of international business where a company sells its products directly to buyers in a foreign market without the use of intermediaries.

Agricultural Producer

An individual or company involved in the cultivation of plants and rearing of animals for food, fiber, and other products.