Macroeconomics wgu - Study guides, Class notes & Summaries
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WGU - D089 - Principles of Economics Questions With Verified Solutions
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WGU - D089 - Principles of Economics Questions With Verified Solutions 
Macroeconomics - ANS A branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole 
 
Microeconomics - ANS A branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms 
 
Scarcity - ANS The basic economic problem; the gap between limi...
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WGU D089: Module 1 Questions and Answers Graded A
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WGU D089: Module 1 Questions and Answers Graded A 
What are the three fundamental questions every economy must answer? Give an example of a "What" question. What to produce, how it will be produced, and from whom the goods or services are produced. What to produce (Oil vs. Cattle), How to (Current vs. New technology), From who to produce 
What do economists mean when they say that people "think at the margin"? Thinking about the next step or an additional action means for a person. 
Accordin...
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(Top 2024/2025 EXAM REVIEW PAPERS / GRADED A+/ 100% Accurate) WGU D089 Principles of Economics Exam Study Guide which principle of ec
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WGU D089 Principles of Economics Exam 
Study Guide 
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 syst...
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WGU - D089 Principles of Economics
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Economics - Answer- The study of how humans make decisions in the face of scarcity. 
 
Factors of Production - Answer- Describes theninputs used in the production of goods or services to make an economic profit. 
 
Macroeconomics - Answer- A branch of economic dealing with the performance, structure, behavior and decision making of an economy as a whole. 
 
Microeconomics - Answer- A branch of economics that studies the behavior of individuals, and firms in making decisions regarding the allocat...
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(Top QUALITY 2024/2025 EXAM REVIEW) WGU C201 Business Acumen Chapters 3 & 7: Economics and Organizational Structure. Exam Review. Graded A+
- Exam (elaborations) • 10 pages • 2023
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WGU C201 Business Acumen Chapters 3 
& 7: Economics and Organizational 
Structure. Exam Review. Graded A+ 
Factors Influencing Demand - -Demand is driven by price, consumer preferences, the economy, the 
number of buyers in a market, customer incomes, price of substitutes and complimentary items. 
Factors of Production - -Natural resources, capital, human resources and entrepreneurship. 
What is the key factor influencing demand? - -Price 
Demand Curve - -A graph of the amount of a product bu...
And that's how you make extra money
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WGU C719 Macroeconomics Bundled Solution With Latest Solutions 2023
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WGU C719 Macroeconomics Bundled Solution With Latest Solutions 2023
WGU C719 Macroeconomics Study Guide Questions And Answers
Macro Economics: C719 Complete Questions And Answers With Verified Tests

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WGU C719 Macroeconomics Study Guide Questions And Answers
- Exam (elaborations) • 8 pages • 2023
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WGU C719 Macroeconomics Study Guide Questions And Answers 
Scarcity limited quantities of resources to meet unlimited wants 
opportunity cost cost of the next best alternative use of money, time, or resources 
when one choice is made rather than another 
How does the production possibilities frontier illustrate the concept of trade-offs? 
when an economy is operating on the PPF curve it is efficient. It is not possible to 
produce more of one good without decreasing the amount produced for the o...
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WGU C719 Macroeconomics Exam 3 Questions with answers.
- Exam (elaborations) • 24 pages • 2023
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WGU C719 Macroeconomics Exam 3 Questions with answers.
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WGU C483 Practice Test 2 100% Correctly Solved
- Exam (elaborations) • 20 pages • 2024
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WGU C483 Practice Test 2 100% Correctly Solved 
1.)The planning level with the shortest time horizon is known as _____ planning. 
A)operational 
B)tactical 
C)managerial 
D)developmental 
E)vertical - Answer- A.) Operational 
2.)The planning process is similar to the _____ process in that both have a series of 
steps that are typically repeated in a cycle. 
A)strategy-mapping 
B)tactical alignment 
C)goal-setting 
D)decision-making 
E)environmental analysis - Answer- D.) Decision-making 
3.)In a...
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WGU - D089 - Principles of Economics Q & A Verified 100% Correct!!
- Exam (elaborations) • 35 pages • 2023
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WGU - D089 - Principles of Economics Q & A Verified 100% Correct!!
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