Per capita GDP in the United States has declined since 1950.

Per capita GDP in the United States has declined since 1950.
 a. True
  b. False
  Indicate whether the statement is true or false

QUESTION 2

The Fed can make loans to the general public at the discount rate.
 a. True
  b. False
  Indicate whether the statement is true or false

QUESTION 3

The rule of reason was applied in the Alcoa case.
 a. True
  b. False
  Indicate whether the statement is true or false

QUESTION 4

The only way standard of living can increase is through increases in labor productivity.
 a. True
  b. False
  Indicate whether the statement is true or false

QUESTION 5

The Federal Reserve provides gold in exchange for Federal Reserve notes.
 a. True
  b. False
  Indicate whether the statement is true or false

QUESTION 6

According to critics, the Utah Pie case represents a failure by the Supreme Court to distinguish between injury to competition that benefits consumers and injury to a specific competitor.
 a. True
  b. False
  Indicate whether the statement is true or false

QUESTION 7

The growing use of computers led to a substantial increase in the overall U.S. productivity growth from 1995 to 2005.
 a. True
  b. False
  Indicate whether the statement is true or false

QUESTION 8

Only Federal Reserve banks can issue paper currency in the United States, and their power to do so is virtually unlimited.
 a. True
  b. False
  Indicate whether the statement is true or false

QUESTION 9

The Utah Pie case is an example of a violation of the Robinson-Patman Act.
 a. True
  b. False
  Indicate whether the statement is true or false