TABLE 2-17
the Following Table Presents Total Retail Sales in Millions

question 160

True/False

TABLE 2-17
The following table presents total retail sales in millions of dollars for the leading apparel companies during April 2001 and April 2002.
$$\begin{array} { l c c } \hline \text { Apparel Company } & \text { April } 01 & \text { April } 02 \\\hline \text { Gap } & 1,159.00 & 962 \\\text { TJX } & 781.7 & 899 \\\text { Limited } & 596.5 & 620.4 \\\text { Kohl's } & 544.9 & 678.9 \\\text { Nordstrom } & 402.6 & 418.3 \\\text { Talbots } & 139.9 & 130.1 \\\text { AnnTaylor } & 114.2 & 124.8 \\\hline\end{array}$$
-Referring to Table 2-17, in general, retail sales for the apparel industry have seen a modest growth between April 2001 and April 2002.

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Definitions:

Personal Benefits

Are advantages or favorable outcomes that accrue directly to an individual as a result of their actions or decisions.

Public Sector

The part of the economy composed of both public services and public enterprises, owned and operated by the government.

Public Choice Analysis

A study that applies economic principles to political science, focusing on the behavior of voters, politicians, and government officials.

Incentives

Designed mechanisms or motivators that encourage specific behaviors or actions by offering rewards or consequences.