Answered

During the COVID-19 pandemic, small businesses were much more resilient than larger businesses, resulting in the federal government offering loan guarantees and payroll protection predominantly for larger businesses.

True
False



Answer :

GinnyAnswer

Final answer:

Small businesses were not more resilient than larger businesses during the COVID-19 pandemic, contrary to the statement provided.


Explanation:

False. During the COVID-19 pandemic, small businesses faced significant challenges due to steep drops in revenue. In response, the federal government provided support such as loan guarantees and payroll protection primarily aimed at helping smaller businesses survive the economic downturn.


Learn more about Small business resilience during the COVID-19 pandemic here:

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