The simultaneous export and import of widgets by the United States is an example of

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Simultaneous export and import of a product by a country is a characteristic of a type of trade called intra-industry trade, which involves the exchange of goods belonging to the same industry. Intra-industry trade is based on firms producing varieties of the same product, where they trade with each other, and is a result of economies of scale or product differentiation.

The Simultaneous Export and Import of Widgets by the United