WGU D089 OBJECTIVE ASSESSMENT | (OA) OBJECTIVE ASSESSMENT | 70 ACTUAL QUESTIONS
AND ANSWERS | 2026 UPDATE | WITH COMPLETE SOLUTIONS.
Correct
Incorrect
1 of 70
Term
A local government is making public policy decisions about spending
funds. The residents have differing opinions on whether the funds
should be used for road repairs, school expansion, health care
increases or construction of a senior center. The local government
must decide the priority.
Which economic question is this decision an example of?
Give this one a try later!
How to deal with scarcity What to produce
For whom to produce How to cope with scarcity
Don't know?
, 2 of 70
Term
Which statement accurately describes a concentration ratio for an
industry?
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The combined profits of the
The total revenue of the industry
most profitable firms
The average profit margin of all firms The market share of the smallest firms
Don't know?
3 of 70
Term
A government wants to incentivize domestic producers to grow and
sell more organic vetetables locally rather than selling them
internationally. the government plans to enact a flat tax on all domestic
organic produce shipped outside of the country.
Which type of tariff is the government enacting?
Give this one a try later!
, Transit Export
Protective Licensing
Don't know?
4 of 70
Term
The market demand for high-end eyeglass frames is currently at 5,000
per month, and identical firms operation in this market are facing
constant returns to scale in the product range of 500 to 1,000 units per
month.
There are currently 10 firms supplying frames to the market. while
prices of frames not changed, their market demand has decreases to
4,500 units per month.
Which change should be expected in the number of firms supplying
frames to this market in the long run?
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The firm will enter the market and
Firms choose how much to produce
make a positive economic profit
A decline in the number of
Firms will experience zero long-run
firms: one to five firms will exit
economic profits
the market
, Don't know?
5 of 70
Term
Which outcome is expected regarding the hot cocoa industry when
the cost of coca from South American increases in price, making it
more expensive to U.S. businesses?
Give this one a try later!
A fall in price will likely increase the To maximize the difference between
quantity demanded total revenue and total cost
Consumers will decrease hot
Only poorly maintained cars being
cocoa purchases both to make
available for sale
at home or while out
Don't know?
6 of 70
Term
Which situation occurs for a form in the long run?
Give this one a try later!
AND ANSWERS | 2026 UPDATE | WITH COMPLETE SOLUTIONS.
Correct
Incorrect
1 of 70
Term
A local government is making public policy decisions about spending
funds. The residents have differing opinions on whether the funds
should be used for road repairs, school expansion, health care
increases or construction of a senior center. The local government
must decide the priority.
Which economic question is this decision an example of?
Give this one a try later!
How to deal with scarcity What to produce
For whom to produce How to cope with scarcity
Don't know?
, 2 of 70
Term
Which statement accurately describes a concentration ratio for an
industry?
Give this one a try later!
The combined profits of the
The total revenue of the industry
most profitable firms
The average profit margin of all firms The market share of the smallest firms
Don't know?
3 of 70
Term
A government wants to incentivize domestic producers to grow and
sell more organic vetetables locally rather than selling them
internationally. the government plans to enact a flat tax on all domestic
organic produce shipped outside of the country.
Which type of tariff is the government enacting?
Give this one a try later!
, Transit Export
Protective Licensing
Don't know?
4 of 70
Term
The market demand for high-end eyeglass frames is currently at 5,000
per month, and identical firms operation in this market are facing
constant returns to scale in the product range of 500 to 1,000 units per
month.
There are currently 10 firms supplying frames to the market. while
prices of frames not changed, their market demand has decreases to
4,500 units per month.
Which change should be expected in the number of firms supplying
frames to this market in the long run?
Give this one a try later!
The firm will enter the market and
Firms choose how much to produce
make a positive economic profit
A decline in the number of
Firms will experience zero long-run
firms: one to five firms will exit
economic profits
the market
, Don't know?
5 of 70
Term
Which outcome is expected regarding the hot cocoa industry when
the cost of coca from South American increases in price, making it
more expensive to U.S. businesses?
Give this one a try later!
A fall in price will likely increase the To maximize the difference between
quantity demanded total revenue and total cost
Consumers will decrease hot
Only poorly maintained cars being
cocoa purchases both to make
available for sale
at home or while out
Don't know?
6 of 70
Term
Which situation occurs for a form in the long run?
Give this one a try later!
