Answer the following statements true (T) or false (F)

Question

1. Jobs that requires face-to-face or physical contact, or those that require recognition of complex patterns, are unlikely to be offshored.
2. As of 2011, the United States was the world's top exporter. 
3. Countertrading refers to a company producing goods domestically and selling them outside the country. 
4. If a country's currency drops dramatically and it is unable to import the goods it needs, then an exporter who trades with that country may turn to countertrading. 

Answer 1

1. TRUE
Jobs that will remain at home rather than being offshored may share certain traits, regardless of the industry they serve: Face-to-face contact, physical contact, or recognizing complex patterns.
2. FALSE
The United States was ranked the number 3 exporter in the world in 2011, behind China and Germany, down from number 1 in 1999.
3. FALSE
Countertrading is bartering goods for goods. When exporting, a company produces goods domestically and sells them outside the country.
4. TRUE
Sometimes other countries may wish to import American goods but lack the currency to pay for them. In that case, the exporting U.S. company may resort to countertrading, which is bartering goods for goods. When the Russian ruble plunged in value in 1998, some goods became a better medium of exchange than currency.