The Persistent U.S. Trade Deficit with Japan Is

question 133

Multiple Choice

The persistent U.S. trade deficit with Japan is

• A) surprising because one would expect that bilateral trade between two countries with flexible exchange rates would be in balance.
• B) surprising because the Japanese are high cost producers of many goods that are purchased in large quantities by U.S. consumers.
• C) not surprising because there is no reason why bilateral trade between two countries should be in balance.
• D) proof that the trade practices of the Japanese are unfair toward the United States.

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