Which Statement About the Growth of E-Business in the 1990s

question 29

Multiple Choice

Which statement about the growth of e-business in the 1990s is not true?

• A) the U.S. Congress did not impose a sales tax on purchases via the Internet
• B) credit card processing for online purchases was available even before the web browser
• C) DSL and cable modems to U.S. homes increased the download speeds for web sites
• D) search engines enabled users to find web sites without keying in their URLs

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Definitions:

Net Exports

The net amount obtained by subtracting a nation's total imports from its total exports.

Imports

Goods or services brought into one country from another for the purpose of being sold or used, contributing to the domestic supply of products.

Trade Deficit

Occurs when a country's imports of goods and services exceed its exports, leading to a negative balance of trade.

Net Capital Outflow

Disparity in investment activities, with locals buying assets internationally, in contrast to foreigners buying domestically.