The government defines the poverty line as
A. the lowest income quintile (20%).
B. those receiving public assistance or eligible for public assistance.
C. anyone who does not have to pay federal income tax.
D. a minimum dollar amount of income, depending on family size.
D. a minimum dollar amount of income, depending on family size.
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Which of the following does NOT increase labor productivity?
A) increases in aggregate hours B) physical capital growth C) human capital growth D) technological advances
According to the law of one price, if the price of Colombian coffee is 100 Colombian pesos per pound and the price of Brazilian coffee is 4 Brazilian reals per pound, then the exchange rate between the Colombian peso and the Brazilian real is
A) 40 pesos per real. B) 100 pesos per real. C) 25 pesos per real. D) 0.4 pesos per real.
The most important reason for why some people have higher income than others is ______.
Fill in the blank(s) with the appropriate word(s).
Straker Industries estimated its short-run costs using a U-shaped average variable cost function of the formAVC = a + bQ + cQ2and obtained the following results. Total fixed cost (TFC) at Straker Industries is $1,000. 
If Straker Industries produces 12 units of output, what is estimated total cost (TC)?
A. $4,428 B. $2,348 C. $1,000 D. $1,463