Statement I: Although Our Trade Deficit Is Still a Major

question 203

Multiple Choice

Statement I: Although our trade deficit is still a major concern,it has declined substantially since 1987.
Statement II: We are the only nation in the world that has a large trade deficit with China.

• 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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Definitions:

Liable

Legally responsible or obligated to make amends for actions, damages, or debts.

Possession

The state or fact of having ownership or control of something, often referring to tangible property.

Subtenancy

An arrangement where a tenant leases out a part or all of a leased property to another, creating a sublease.

Trees

Perennial plants with an elongated stem, or trunk, supporting branches and leaves, often playing a crucial role in the environment and human livelihood.