Statement I: Japan is a society that is wiling to sacrifice for the long run.
Statement II: The huge trade deficit that we have been running with Japan is almost entirely the fault of the Japanese.

Question

Quizplus · Accepted Answer

Statement I reflects a common understanding of Japanese society, which is often characterized by its willingness to make sacrifices for long-term benefits. Statement II is false because trade deficits are complex and cannot be attributed to one party alone; they result from a variety of factors including currency values, economic policies, and consumer preferences in both countries involved.

Statement I: Japan Is a Society That Is Wiling to Sacrifice