Maria Apparel Is a Well-Known Apparel Store

question 38

Multiple Choice

Maria Apparel is a well-known apparel store. The owners of the store want the store to go global; hence, they have opened a Web site. In this scenario, opening a Web site:

• A)makes it difficult for Maria Apparel to go global through the Internet.
• B)frees Maria Apparel from old brick-and-mortar rules, regulations, and habits.
• C)immediately puts Maria Apparel in the international marketplace.
• D)stops Maria Apparel from selling products in its physical stores.

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Definitions:

Contractionary Gap

A situation where the aggregate output in an economy is below its potential output, leading to unemployment and underutilized resources.

Government Spending

The total amount of public spending by the government, including expenditures on public services, healthcare, education, and infrastructure.

Transfer Payments

Payments made by the government to individuals or other organizations without receiving any goods or services in return.

Federal Budget Deficit

The financial situation in which the federal government's expenditures exceed its revenues in a given fiscal year, leading to borrowing or debt accumulation.