Wgu d089 - Study guides, Class notes & Summaries

WGU - D089 - Principles of Economics Exam/522 Questions & Answers

WGU D089 EXAM PRINCIPLES OF ECONOMICS EXAM | ALL QUESTIONS AND CORRECT ANSWERS | LATEST VERSION | ALREADY GRADED A+

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WGU - D089 Principles of Economics – 263 Questions and Answers

WGU - D089 - Principles of Economics Exam – 211 Q’s and A’s

Which type of economy is characterized by a government that plans and controls all economic activity? - 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? - 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 dollar earned. This...

WGU D089 Principles of Economics Exam-With 100% verified solutions

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WGU - D089 Principles of Economics Test 100% Accurate Economics -️️ The study of how humans make decisions in the face of scarcity. Factors of Production -️️ Describes theninputs used in the production of goods or services to make an economic profit. Macroeconomics -️️ A branch of economic dealing with the performance, structure, behavior and decision making of an economy as a whole. Microeconomics -️️ A branch of economics that studies the behavior of individuals, and fir...