Small Businesses Tend to Be

question 19

Multiple Choice

Small businesses tend to be:

• A) balanced between labour and capital intensity.
• B) labour intensive.
• C) capital intensive.
• D) none of the answers are correct.

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Definitions:

Excise Tax

A tax levied on specific goods, services, or transactions.

Supply Curve

A graphical representation showing the relationship between the quantity of goods that producers are willing to sell at different prices during a certain period.

Quantity Supplied

The measure of products or services that producers are willing and able to make available for sale at a predetermined price throughout a certain time.

Relationship

The way in which two or more concepts, objects, or individuals are connected, or the state of being connected or interrelated.