WGU D089 - PRINCIPLES OF
ECONOMICS OBJECTIVE ASSESSMENT
2025 QUESTIONS AND CORRECT
ANSWERS | WGU D089 OA | A+ GRADE
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
Which economic framework would a student use to
explain past price changes in a specific industry? Correct
Answer Microeconomics
Which economic reasoning is used in deciding among
public policy goals? Correct Answer Normative statements
because fairness of outcomes should be considered
Which economic reasoning is involved when someone
wants to study a country's output of gross domestic
product (GDP) Correct Answer Macroeconomic theory
, What are the four factors of production? Correct Answer
Natural resources, labor, capital, entrepreneurship
Which criterion must be satisfied to include capital as a
physical good or intellectual discovery? Correct Answer It
has been produced already and is used for producing
other goods and services
Why is technology an important part of entrepreneurship?
Correct Answer Entrepreneurs sue technology to best
organize production
What principle of economics does the $6 price from the
China vendor represent if the company decides to produce
the sheet sets in its Mexico facitility? Correct Answer
Principle 2: Cost is determined by what is given up
Which economic system is represented by the
government's actions to regulate the production of ABC
Company's products? Correct Answer Mixed
Which economic focus defines the economic reasoning for
ABC company? Correct Answer Microeconomics
What is the payment of production for ABC Company if it
buys the additional machinery for its production facility?
Correct Answer Interest
Which item is a factor of production for ABC Company?
Correct Answer Machinery
ECONOMICS OBJECTIVE ASSESSMENT
2025 QUESTIONS AND CORRECT
ANSWERS | WGU D089 OA | A+ GRADE
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
Which economic framework would a student use to
explain past price changes in a specific industry? Correct
Answer Microeconomics
Which economic reasoning is used in deciding among
public policy goals? Correct Answer Normative statements
because fairness of outcomes should be considered
Which economic reasoning is involved when someone
wants to study a country's output of gross domestic
product (GDP) Correct Answer Macroeconomic theory
, What are the four factors of production? Correct Answer
Natural resources, labor, capital, entrepreneurship
Which criterion must be satisfied to include capital as a
physical good or intellectual discovery? Correct Answer It
has been produced already and is used for producing
other goods and services
Why is technology an important part of entrepreneurship?
Correct Answer Entrepreneurs sue technology to best
organize production
What principle of economics does the $6 price from the
China vendor represent if the company decides to produce
the sheet sets in its Mexico facitility? Correct Answer
Principle 2: Cost is determined by what is given up
Which economic system is represented by the
government's actions to regulate the production of ABC
Company's products? Correct Answer Mixed
Which economic focus defines the economic reasoning for
ABC company? Correct Answer Microeconomics
What is the payment of production for ABC Company if it
buys the additional machinery for its production facility?
Correct Answer Interest
Which item is a factor of production for ABC Company?
Correct Answer Machinery
