Statement I: Our Trade Deficit Is Higher Than It Was

question 117

Multiple Choice

Statement I: Our trade deficit is higher than it was five years ago.
Statement II: Until the mid-1970s,our imports and exports were each less than 10 percent of our domestic goods output.

• A)Statement I is true and statement II is false.
• B)Statement II is true and statement I is false.
• C)Both statements are true.
• D)Both statements are false.

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