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Which trade argument makes the following claim? If officials and statisticians dug a little deeper, they would find that the United States enjoyed a nontrivial
Which trade argument makes the following claim? "If officials and statisticians dug a little deeper, they would find that the United States enjoyed a nontrivial trade surplus with China in the iPhone trade: $48 million (this was strictly about the made-in-USA components and did not factor in Apple's fat profits). The United States ran a trade deficit with Japan ($563 million), Germany ($219 million), South Korea ($138 million), and the rest of the world ($421 million)." a. the defender against inflation b. trade deficit versus trade surplus c. inevitable step in development d. trade gains versus trade pains
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