Question: Question 16 1 p Statement 1: In 2007 the United States had a negative merchandise balance of trade over $708 billion. Statement 2: In 2007

Question 16 1 p Statement 1: In 2007 the United States

had a negative merchandise balance of trade over $708 billion. Statement 2:

Question 16 1 p Statement 1: In 2007 the United States had a negative merchandise balance of trade over $708 billion. Statement 2: In 2007 the United States had a positive services balance of trade over $118 billion. Statement 1 is true and Statement 2 is false. O Statement 2 is true and Statement 1 is false. Both statements are true. O Both statements are false

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