Statement I: Our overall imbalance of trade has never exceeded $100 billion.
Statement II: Our overall imbalance of trade was lower in 2009 than it was in 1990.

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.

Imbalance of Trade

A situation where the value of a country's imports and exports is not equal, leading to a trade surplus or deficit.

Exceeded

means to go beyond an established limit or surpass a certain standard or level.

Lower

In economic terms, it refers to a decrease in value, price, rate, or level of a given variable or entity.