Which of the Following Statement Is Incorrect Regarding the Economic

question 12

Multiple Choice

Which of the following statement is incorrect regarding the economic impact of entrepreneurial firms?

• A) Small firms are more innovative than large firms.
• B) Small firms produce more patents per employee than large firms.
• C) Economic activity is moving increasingly in the direction of small rather than large firms.
• D) Small businesses employ more than half of all private sector employees in the United States.
• E) Small businesses create about one-third of all new jobs.

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Definitions:

Indifference Curves

Graphical representations in microeconomics showing combinations of two goods among which a consumer is indifferent, indicating equal utility.

Consumer's Preferences

The individual tastes and preferences that dictate the choices made by consumers regarding which goods or services to purchase.

Bundle

A combination of goods or services that are purchased together.

Optimal Choice

The best possible selection among various alternatives, considering constraints and objectives, to maximize or minimize desired factors such as utility, profit, or costs.