Statement I: In 2009 the United States had a negative merchandise balance of trade over $708 billion.
Statement II: In 2009 the United States had a positive services balance of trade over $118 billion.
A)Statement I is true and statement II is false.
B)Statement II is true and statement I is false.
C)Both statements are true.
D)Both statements are false.

Question

Quizplus · Accepted Answer

Both statements are true. In 2009, the United States did indeed have a significant negative merchandise balance of trade, indicating that it imported more goods than it exported. Additionally, the country had a positive services balance of trade, meaning it exported more services than it imported.

Statement I: in 2009 the United States Had a Negative