Final answer:
The statement is true; electrolytic capacitors typically have capacitance values ranging from one to several thousand microfarads, used especially where large capacitance is needed in small physical sizes.
Step-by-step explanation:
Electrolytic capacitors typically have capacitance values of one to several thousand microfarads. This statement is true. Electrolytic capacitors are known for their high capacitance relative to their physical size, largely because of the way they are constructed with an oxidized metal and a conducting paste. Capacitors, in general, range from fractions of a picofarad (1 pF = 10-12 F) to millifarads (1 mF = 10-3 F), which includes the range for microfarads (1 µF = 10-6 F). Electrolytic capacitors are commonly used in applications requiring large capacitance values, such as in power supply filters, where they help to smooth out voltage and current fluctuations.