Statement I: Since the mid 1970s our balance of trade has been negative.
Statement II: The United States foreign trade sector has more than doubled over the last 30 years.
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. The United States has experienced a negative balance of trade since the mid-1970s, meaning it imports more than it exports. Additionally, the foreign trade sector in the United States has indeed more than doubled over the last 30 years, reflecting significant growth in international trade activities.

Statement I: Since the Mid 1970s Our Balance of Trade