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Importance of international trade in various countries

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Reference no: EM132143937

Understanding the Importance of International Trade in Various Countries

Whereas imports and exports in the United States each account for about one-eighth of total annual national income, in some countries the figure is much greater. Certain nations like Luxembourg must import practically everything!

For Critical Analysis:

How can Luxembourg have a strong economy if it imports so many goods and services?

Reference no: EM132143937

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