Which statement is true?
A. Entrepreneurial ability is abundant in the U.S.
B. The entrepreneur sets up a business and risks his or her own money.
C. Land, labor and capital may be considered passive resources.
D. All of the statements are true.
D. All of the statements are true.
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The government would be running a budget surplus if:
A. Government spending is lower than consumer spending B. Tax revenues are less than government spending C. It imports less from abroad than it exports D. Government spends less than it collects in taxes
Refer to the information provided in Figure 8.4 below to answer the question(s) that follow. 
Figure 8.4 Refer to Figure 8.4. Micro Oven's average fixed costs of producing nine units of output are
A. $25. B. $33.33. C. $55.55. D. indeterminate from this information.
Constant returns to scale means that, given any constant x > 0
A) xzF(xK, xNd)= zF(xK, xNd). B) xzF(xK, xNd) > zF(xK, xNd). C) xzF(xK, xNd) < zF(xK, xNd). D) xzF(xK, xNd) = zxF(K, Nd).
If your real disposable income goes up by $1,000 per week, and your real consumption spending goes up by $800 per week, you have a marginal propensity to consume of
A) 0.2. B) 0.8. C) 1.2. D) 1.0.