Asked by
Celanne Baydoun
on Oct 12, 2024
Verified
Which statement is false?
A) Our 2009 trade deficit with Japan was the highest deficit ever recorded with any one country.
B) Our trading position with Japan is very much like a colony and a colonial power.
C) Japan had an economic revival in the 1950s and 1960s largely by targeting the American consumer market.
D) If we eliminated our trade deficits with Japan and China,we would still be running a trade deficit.
Economic Revival
A period of growing business activity signaling the end of a recession or economic downturn, often characterized by increases in employment, consumer spending, and investment.
Trade Deficit
A condition in which a nation's imports of goods and services surpass its exports, resulting in a deficit in the trade balance.
- Acquire knowledge about the effects of worldwide trade practices and policies on the United States' economy.
- Acknowledge the historical transformations and movements in trade balances of the U.S. and their triggers.
Verified Answer
NB
Learning Objectives
- Acquire knowledge about the effects of worldwide trade practices and policies on the United States' economy.
- Acknowledge the historical transformations and movements in trade balances of the U.S. and their triggers.