Statement I: A strong case could be made that much of the blame for our trade deficit with Japan can be traced to unfair Japanese trade practices.
Statement II: There is virtually nothing the United States can do to lower its trade deficit.

Question

Quizplus · Accepted Answer

Statement I is true as unfair trade practices by Japan, such as currency manipulation, have contributed to the trade deficit between the two countries. However, Statement II is false as the United States can take measures such as negotiating trade agreements, imposing tariffs, and encouraging domestic production to lower its trade deficit.

Statement I: a Strong Case Could Be Made That Much