For Most Firms in the United States, Demand Curves Are

question 118

Multiple Choice

For most firms in the United States, demand curves are

• A) upward sloping.
• B) completely horizontal.
• C) completely vertical.
• D) C-shaped.
• E) downward sloping.

---

Definitions:

Society's Expense

The costs or negative outcomes borne by the general public or society at large, often as a result of business activities or policies.

Government Guarantees

Government guarantees refer to promises made by the government to back certain obligations of entities, reducing risk for investors and encouraging investment in specific areas.

Socialize Losses

A policy or practice where financial losses are distributed across the broader society, typically through government intervention, instead of being borne solely by those who incurred the losses.

Privatize Gains

The concept where profits are allocated to private individuals or corporations rather than being shared with the public or society at large.