Which of the Following Statements Is Not True About Small

question 118

Multiple Choice

Which of the following statements is not true about small businesses?

• A) Small businesses provide technical innovation.
• B) Small businesses create cyclical unemployment.
• C) Small businesses provide employment.
• D) Small businesses provide competition.
• E) Small businesses fill the needs of society and other businesses.

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Definitions:

Consumer Surplus

The difference between the total amount that consumers are willing to pay and the total amount that they actually pay.

Demand Curve

A graph showing the relationship between the price of a good and the quantity of the good that consumers are willing and able to purchase at various prices.

Consumer Surplus

The gap in finances between the consumers' ability and willingness to pay versus the real payment for a good or service.

Graphing Calculator

An electronic device capable of plotting graphs, solving simultaneous equations, and performing other tasks with variables.