WGU D089
Western Governors University
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WGU D089 Quiz Questions & Answers/ (Top 2024/2025 EXAM REVIEW PAPERS / GRADED A+/ 100% Accurate)
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WGU D089 Quiz Questions & 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 -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. - 
How to produce it? 
To address environmental concerns, Congress is considering ...
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WGU D089 Bundled Exams with Complete Solution 2023/24 | Verified | Guaranteed Success
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WGU D089 Bundled Exams with Complete Solution 2023/24 | Verified | Guaranteed Success
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WGU D089 Quiz Questions & Answers | Latest 2023/24 | Updated & Verified | Guaranteed Success
- Exam (elaborations) • 9 pages • 2023
- Available in package deal
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- $11.49
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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 - 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. - 
How to produce it? 
To address environmental concerns, Congress is considering a bill that would increase the price...
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WGU D089 Principles of Economics TESTS | Latest 2023/24 | Updated & Verified | Guaranteed Success
- Exam (elaborations) • 6 pages • 2023
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Which type of economy is characterized by a government that plans and controls all economic activity? - 
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? - 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 dollar 
earned. This statement u...
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WGU D089 Principles of Economics Exam Study Guide | Latest 2023/24 | Updated & Verified | Guaranteed Success
- Exam (elaborations) • 9 pages • 2023
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which principle of economics does the $6 price from the China vendor represent if the company decides 
to produce the sheet set in its Mexico facility - principle 2:cost is determined by what is given up 
also known as opportunity cost 
which economic system is represented by thr governments actions to regulate the production of ABC 
company's products - mixed 
which economies have characteristics of all the economic systems with market system being the most 
prevalent - mixed 
a company that f...
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WGU D089 Principles of Economics Exam Practice Questions | Latest 2023/24 | Updated & Verified | Guaranteed Success | 20 Pages
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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? - By 
increasing either the quantity of labor of human capital. 
What are two keys to the use of an econ...
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