The U.S. system of resource ownership
a. is pure capitalism
b. excludes any state ownership of resources
c. includes government restrictions on the use of privately owned resources
d. is designed to eliminate the problem of scarce resources
e. excludes any communal ownership
C
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The difference between a bank's assets that will be re-priced in less than one year and the bank's liabilities that will be re-priced in less than one year expressed as a percent of total assets is
A) a measure of liquidity risk. B) called the GAP ratio. C) earnings at risk ratio. D) a measure of credit risk.
Among the subjects covered in macroeconomics are the
A) unemployment rate for the entire labor force, and the causes of the increase in the overall price level. B) causes of the increase in the price of oil relative to other commodities. C) effects of low wages on the laborers' moral. D) causes of the change in the individual firms' profits.