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Question
SHORT ANSWER
1. Consider a country that is open to trade. Although the country imports and exports goods and services from more than 200 different nations, the bulk of its imports and exports tend to come from the same eight nations. Identify some possible reasons why this country obtains the majority of its imports and exports from only eight different nations as opposed to having the imports and exports more evenly split across the 200 different nations that it conducts trade with.
Answer
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