Final answer:
It is false that the US imports more goods from Japan than from any other country; China is the largest source of U.S. imports. The U.S. both exports and imports autos and engages in substantial intra-industry trade with various countries, including Japan.
Step-by-step explanation:
The statement that the US imports more goods from Japan than from any other country is false. According to the data found in Table 19.7 titled 'Where U.S. Exports Go and U.S. Imports Originate' from the year 2015, China, not Japan, is the country from which the United States imports the most goods. Furthermore, the U.S. engages in a significant amount of intra-industry trade. For example, while the U.S. exports certain types of machinery, it also imports different types of machinery from countries such as Japan that have developed unique skills in producing them.
In the autos industry, the United States is both a substantial exporter and importer, highlighting the practice of intra-industry trade. In 2014, the U.S. exported $146 billion worth of autos, while it imported $327 billion worth of autos, which demonstrates that the U.S. trades significant volumes within the same industry. Japan has been an important trade partner due to historical ties and the comparative advantage in certain sectors, but it is not the largest source of U.S. imports.