WGU D089: Module 1 Questions and Answers with Verified Solutions |
Latest 2026 Update
Q: Advantages of a mixed economy
Answer:
Goods and services are distributed where needed, prices
are set by supply and demand, competition capitalizes on innovation, Goods/Services
are more
accessible to those willing to pay, Government role is expanded to help ensure access
for the
underprivileged.
Q: Disadvantages of Mixed economy
Answer:
Emerge when too much emphasis on goals of a particular
market, could be too much or not enough freedom, the government may take an
expanded
role, businesses may influence government
,WGU D089: Module 1 Questions and Answers with Verified Solutions |
Latest 2026 Update
Q: Disadvantage of mixed economy
Answer:
Freedom of choice can fluctuate from too much to too
little
Q: Explain one of the advantages of the Mixed Market
Answer:
Goods and services are distributed
where needed most, competition incentivizes innovation, goods/services are more
available,
and the government is expanded to help the underprivileged.
Q: Microeconomics
Answer:
the study of how households and firms make decisions and how they
interact in markets
,WGU D089: Module 1 Questions and Answers with Verified Solutions |
Latest 2026 Update
Q: Macroeconomics
Answer:
the study of the economy as a whole, including topics such as inflation,
unemployment, and economic growth
Q: How are macroeconomics and microeconomics different
Answer:
Microeconomics focuses on the
actions of individual agents like households, workers, and businesses and
Macroeconomics
looks at the economy as a whole and focuses on broad issues like the growth of
production, #
of unemployed, increased inflation, government deficits, and levels of exports, and
imports.
, WGU D089: Module 1 Questions and Answers with Verified Solutions |
Latest 2026 Update
Q: positive economics
Answer:
the branch of economic analysis that describes the way the economy
actually works
Q: normative economics
Answer:
The part of economics involving value judgments about what the
economy should be like; focused on which economic goals and policies should be
implemented;
policy economics.
Q: What economic framework would a student use to study inflation in a county
over the past year?
Answer:
Macroeconomics
Latest 2026 Update
Q: Advantages of a mixed economy
Answer:
Goods and services are distributed where needed, prices
are set by supply and demand, competition capitalizes on innovation, Goods/Services
are more
accessible to those willing to pay, Government role is expanded to help ensure access
for the
underprivileged.
Q: Disadvantages of Mixed economy
Answer:
Emerge when too much emphasis on goals of a particular
market, could be too much or not enough freedom, the government may take an
expanded
role, businesses may influence government
,WGU D089: Module 1 Questions and Answers with Verified Solutions |
Latest 2026 Update
Q: Disadvantage of mixed economy
Answer:
Freedom of choice can fluctuate from too much to too
little
Q: Explain one of the advantages of the Mixed Market
Answer:
Goods and services are distributed
where needed most, competition incentivizes innovation, goods/services are more
available,
and the government is expanded to help the underprivileged.
Q: Microeconomics
Answer:
the study of how households and firms make decisions and how they
interact in markets
,WGU D089: Module 1 Questions and Answers with Verified Solutions |
Latest 2026 Update
Q: Macroeconomics
Answer:
the study of the economy as a whole, including topics such as inflation,
unemployment, and economic growth
Q: How are macroeconomics and microeconomics different
Answer:
Microeconomics focuses on the
actions of individual agents like households, workers, and businesses and
Macroeconomics
looks at the economy as a whole and focuses on broad issues like the growth of
production, #
of unemployed, increased inflation, government deficits, and levels of exports, and
imports.
, WGU D089: Module 1 Questions and Answers with Verified Solutions |
Latest 2026 Update
Q: positive economics
Answer:
the branch of economic analysis that describes the way the economy
actually works
Q: normative economics
Answer:
The part of economics involving value judgments about what the
economy should be like; focused on which economic goals and policies should be
implemented;
policy economics.
Q: What economic framework would a student use to study inflation in a county
over the past year?
Answer:
Macroeconomics
