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QUESTION
Understanding the Importance of International Trade in Various Countries Whereas imports and exports in the United States each account for about
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?
