Recent bilateral trade data alarm politicians who worry about China's growing trade imbalance with the United States. What do the authors of your textbook say?
A) The real data are even more shocking.
B) It is not as bad as the numbers appear because China imports a large percentage of the value of its exports to the United States from its other trading partners.
C) It depends on how you count imports and exports and on which currency is used.
D) Irresponsible governments, corruption, and greedy corporations are responsible for the widening gap.
Correct Answer:
Verified
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