Loger's, a High-End Apparel Company in Bruslon, an Asian Country

Multiple Choice

Loger's, a high-end apparel company in Bruslon, an Asian country, cuts back on production as consumers start turning to basic products such as food because of the economic downturn in the country. The company also lays off many of its employees to further cut down expenses. In this scenario, Loger's has implemented these cost-cutting measures to accommodate the phase of _____ in Bruslon.

A) economic recovery
B) economic contraction
C) economic integration
D) economic expansion