Statement I: Our trade deficit in 2009 with Japan was greater than our trade deficit with China.
Statement II: Our negative merchandise trade balance is about as large as our services trade (positive)balance.

Question

Quizplus · Accepted Answer

Both statements are false because the trade deficit with China has historically been larger than with Japan, and the merchandise trade deficit is typically much larger than the services trade surplus.

Statement I: Our Trade Deficit in 2009 with Japan Was