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In the Late 1970s, LarceCo, a Tea Seller, Entered the Russian

Question 128

Multiple Choice

In the late 1970s, LarceCo, a tea seller, entered the Russian marketplace. LarceCo traded tea products for Russian­made vodka because of the lack of a tradable currency in the Soviet Union. This is an example of _____.


A) outsourcing
B) countertrade
C) balance of trade
D) licensing

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