Statement I: Our trade deficit is higher than it was five years ago.
Statement II: Until the mid-1970s,our imports and exports were each less than 10 percent of our domestic goods output.
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

The Answer of Statement I: Our trade deficit is higher than it was five years ago.
Statement II: Until the mid-1970s,our imports and exports were each less than 10 percent of our domestic goods output.
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.

Statement I: Our Trade Deficit Is Higher Than It Was