When a firm is considered to be a "price taker" that means that the firm
A) can charge any price that it wants to charge, that is, "take" any price it wants.
B) pays a fixed price for all of its inputs.
C) will accept ("take") the lowest price that its customers offer.
D) cannot influence the market price of the good that it sells.
D
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Proprietors' income includes all of the following except
a. the income of unincorporated businesses. b. the income of partnerships. c. the income of sole proprietorships. d. the income of all businesses - incorporated and unincorporated .
Banks face liquidity risk because
A) they can have difficulty meeting their depositor's demands to withdraw money. B) they are unable to borrow from the Federal Reserve. C) households and businesses may seek to borrow a large amount of funds in a short period of time. D) governments tend to run high budget deficits.