Question

The trade in which a country exports to another and buys the commodities it requires from the third with the money received from its exports.
a) Trade Bloc.
b) Multilateral Trade
c) Bilateral of Trade
d) Internal Trade

Answer 1

The trade in which a country exports to another and buys the commodities it requires from the third with the money received from its exports is b) Multilateral trade.

The Features of Multilateral Trade are that it's a trade system between three or more countries with the aim of all countries receiving the same benefits.

It is very beneficial for developing countries as in this trade the tariffs are low and it helps them expand their markets.