Statement I: Much of our trade problem may be blamed on the Japanese who take advantage of our relatively open markets,while denying access to their own.
Statement II: The Japanese have been running huge bilateral trade surpluses in manufactured goods with nearly all their trading partners.

Question

Quizplus · Accepted Answer

Both statements are true. Statement I suggests that Japan takes advantage of open markets while restricting entry into its own market, which is supported by evidence of trade surpluses in statement II.

Statement I: Much of Our Trade Problem May Be Blamed