Pressures for greater protectionism increased around the world during the 1980s and early 1990s due to the strain caused by the persistent trade deficit in the world's largest economy,Japan.

Question

Quizplus · Accepted Answer

The statement is incorrect. The trade deficit in the world's largest economy during the 1980s and early 1990s was actually the United States, not Japan. This led to some pressures for protectionism in the U.S., but not specifically due to Japan's trade deficit.

Pressures for Greater Protectionism Increased Around the World During the 1980s