ECONOMICS EXAM MASTERY
SYSTEM (Western Governors
University Verified) | ACTUAL
EXAM QUESTIONS &
SOLUTIONS with STEP-BY-STEP
RATIONALES | Covers: Monetary
Policy + Fiscal Policy + Economic
Growth + Business Cycles |
Includes NGN-STYLE CASE
STUDIES + ECONOMIC MODEL
DIAGRAMS + POLICY ANALYSIS
TEMPLATES | INSTANT DIGITAL
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12/31/24, 1:48 PM D089 - Module 5 Practice
D089 - Module 5 2025 Update
D089 Course Instructors have created this resource to help develop your knowledge of the concepts in
Module 5. We recommend reading the material in your Acrobatiq text and watching the videos before
working on the questions. Please note that these questions do not come from the actual assessment. Course
Instructors are not privy to information on the assessment. If you have any questions, please feel free to
reach out to us .
Points: 10/12
Cor r ect1/1 Points
1
W hich of the follow ing is an im plicit cost of
pr oduction? *
w ages paid to w or ker s
the electr ic bill
nor m al pr ofi t
Feedback:
The business ow n er expects to ear n a r etur n on the
entr epr eneur ial eff or t they put into the busin ess. This
is know n as nor m al pr ofi t. Ther e is no legal
r equir em ent that entr epr en eur ial eff or t be paid, so
nor m al pr ofi t is not an explicit cost. How ever , if the
ow ner does not r eceive a r etur n on their eff or t, they
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