Wgu d089 exam answers - Study guides, Class notes & Summaries

WGU - D089 Principles of Economics Exam Solved 100% Correct Questions And Answers Latest 2023-2024

Principles of Economics WGU D089 Exam Questions and Answers Latest Update 2023.

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...

Which type of economy is characterized by a government that plans and controls all economic activity? - correct answer Command Correct! A command economy is a centralized economic system in which all economic decisions are made by the nation's government. What is an example of a normative economic statement? - correct answer Marginal tax rates should be lowered on high-income individuals. Correct! A marginal tax rate is the amount of money an individual pays in taxes on each additional...

WGU - D089 - Principles of Economics Exam Questions and Answers Latest Update with Complete Solution How are Positive and Normative economics different from each other? Positive economics clearly states and economic issue, and normative economics provides the value-based solution for the issue. What are factors of production? The resources the economy has available to produce goods and services How can Labor's contribution to an economy's output of goods and services be increased? ...

WGU D089 Principles of Economics Exam | Questions with 100% Correct Answers | Latest Update 2024 | Verified

WGU D089 Principles of Economics Exam Study Guide | Questions with 100% Correct Answers | Latest Update 2024 | Verified