Labor productivity in the United States has:

Labor productivity in the United States has:
 a. been growing at ever-increasing rates since World War II.
 b. been growing but at lower rates in the last 25 years compared to the 25 years immediately after World War II.
  c. been falling for the last 50 years.
 d. remained largely unchanged over the last 50 years.
 e. been growing more rapidly in the last 50 years than in most other developed economies.

QUESTION 2

A merger between a leather supplier and a shoe manufacturer would be classified as a:
 a. horizontal merger.
  b. vertical merger.
  c. conglomerate merger.
  d. keiretsu.

QUESTION 3

Which of the following is correct regarding the discount rate?
 a. It is the interest rate that commercial banks charge their most creditworthy customers.
  b. It is the interest rate that thrift institutions charge for home mortgages.
 c. It is the interest rate at which depository institutions can borrow from the Federal Reserve.
  d. It is the interest rate set in the market for U.S. Treasury Bills.
 e. It is the prime interest rate.

QUESTION 4

Over the past century, the growth of labor productivity in the United States was highest in the _____.
 a. 1940s
  b. 1950s
  c. 1960s
  d. 1970s
  e. 1980s

QUESTION 5

Which of the following mergers would result from the purchase of a retail clothing chain by a computer software company?
 a. A horizontal merger.
  b. A vertical merger.
  c. A conglomerate merger.
  d. A monopoly merger.

QUESTION 6

Which of the following is not performed by the Fed?
 a. Holding member bank reserves on deposit
  b. Making loans to member banks
 c. Issuing bank notes
 d. Serving as bankers to other banks
 e. Holding deposits of households and firms

QUESTION 7

Productivity growth is important because:
 a. it is the only way an economy can increase GDP.
 b. a small decrease in productivity growth causes a large decline in GDP.
 c. a large increase in productivity growth causes a small decrease in GDP.
 d. it causes an increase in the quantity of all resources available to an economy.
  e. it ultimately increases a nation's standard of living.