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WGU D089 EXAM 2024/2025 WITH 100% CORRECT ANSWERS

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WGU D089 EXAM 2024/2025 WITH 100% CORRECT ANSWERS PrepWise: Your Ultimate Online Exam Store! Ace your exams with PrepWise! Find top-notch study materials, practice tests, and expert guidance all in one place. Why Choose PrepWise? Comprehensive Study Guides Accurate Practice Exams ...

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  • August 7, 2024
  • 13
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • WGU D089
  • WGU D089
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WGU D089 EXAM 2024/2025 WITH 100% CORRECT ANSWERS



A property owner has 500 acres of flat land and has been approached by
two different businesses. One business wants to drill for oil, and the
other wants to raise cattle - correct answer What to produce?


A well-established company has been producing goods and wants to
create a new line of production. The company needs to decide whether it
should use a current factory or find a new location. - correct answer
How to produce it?


To address environmental concerns, Congress is considering a bill that
would increase the price of electricity generated by coal. Increasing the
price of electricity creates a problem for low-income household -
correct answer For whom to produce?


Which scenario matches Principle 4 of economics - people respond to
incentives? - correct answer A sales manager offers a higher percentage
of commission for a product that is not selling well


Principle 5: Trade can leave everyone in a better position - correct
answer A farmer is really good at growing corn and exchanges the corn
for meat and supplies

, Principle 6: Markets are a sound method of organizing economic activity
- correct answer Multiple producers and consumers exchange goods
and services


Principle 7: Governments sometimes have the ability to better market
outcomes - correct answer Companies face regulation when they create
a monopoly in their industry


What is a consequence of a government printing more money? - correct
answer Decreased Unemployment - printing more money causes
inflation and can lead ot more jobs


What is a benefit of using a traditional economic system? - correct
answer Everyone knows their role in the market


Which characteristic is associated with a command economy? - correct
answer Competition is limited


What is an advantage of a market economy? - correct answer
Innovation is encouraged and rewarded


What is a disadvantage of a mixed economic system? - correct answer
Freedom of choice can fluctuate from too much or too little


Which economic framework would a student use to study inflation in a
country over past years? - correct answer Macroeconomics

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