Which is the most accurate statement?A) The Japanese and Chinese bear most of the blame for our huge trade deficit.B) Our trade deficit with China has been rising more rapidly than our trade deficit with Japan.C) Our combined trade deficits with Japan and China now total about $100 billion.D) Most economists agree that the best way to reduce our trade deficit would be to impose high tariffs on our imports from Japan and China.

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Faith Bollinger · Accepted Answer

Final Answer : B, Explanation :  While option A is subjective and not factually supported, option C is also incorrect as the combined trade deficit with Japan and China is well over $100 billion. Option D is not supported by most economists as it goes against the principles of free trade. Option B is the most accurate statement as data shows that our trade deficit with China has been rising faster than our deficit with Japan.

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