Why Is It Difficult to Compare Relative Job Growth for Different-Sized

question 78

Multiple Choice

Why is it difficult to compare relative job growth for different-sized businesses?

• A) Sourcing up-to-date employment figures is difficult.
• B) Many small businesses experience rapid unreported growth.
• C) Spheres of influence overlap between the small and big business sectors.
• D) Staff size of small businesses tends to change faster than staff size of big businesses.
• E) It is hard to determine the cutoff point at which a small business becomes a large business.

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Definitions:

Equilibrium

In economics, a state where market supply and demand balance each other, and as a result, prices become stable.

Coconuts

Tropical fruits or the hard-shelled seeds of the coconut palm, often used metaphorically in economics and game theory to represent tradable resources.

Civic Authorities

Government officials or bodies responsible for governing a city or town, and managing local services and regulations.

Long-run Supply Function

An economic concept that describes the total quantity of products that firms are willing to supply over a long period, taking into account the adjustments in production factors and technology.