8/5/25, 5:44 AM pre assessment d089
D 089/ D089 Objective Assessment (Latest Update ) A|
Pre-Exam Questions and Verified Answers | Grade A | 100%
Correct - WGU
Which set of questions is What, how, and for whom to produce goods and services 3
answered when a society multiple choice options
decides how to distribute
its scarce resources?
A local government is What to produce 3 multiple choice
making public options
policy decisions about
spending funds. The
residents have differing
opinions on whether the
funds should be used for
road repair, 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?
A newspaper is trying to Increasing the money supply raises the standard of
help citizens living for consumers in the long run.
understand economic
principles. Which 3 multiple choice options
misconception should
the article
address?
/ 1/1
2
, 8/5/25, 5:39 AM D077 Pre-assessment
Which scenario covers a As a result of a hard freeze, the price of cherries increases. 3
topic included in multiple choice options
microeconomics?
What accurately characterizes It can be in the form of intellectual discoveries. 3 multiple
capital? choice options
To describe the interaction of businesses and households in
Why is the circular flow model
markets
used?
3 multiple choice options
To produce more of one good, the economy gives up
What is a result of
more and more of other goods.
increasing opportunity
costs? 3 multiple choice options
How would a production As a constant slope, downward from left to right 3 multiple
possibility frontier be drawn choice options
for an economy that
produces two goods with
homogeneous resources?
A company is operating at a The resources of the company are being inefficiently utilized. 3
point inside its production multiple choice options
possibility frontier.
A country produces two If production of Good A increases, then production of Good B will
goods (A and B) and decrease.
currently operates on the
bowed out 3 multiple choice options
production possibilities
frontier. What is the
relationship between the
productions of Good A and
Good B?
Production of apples will increase
by 50 pounds, and production of
A local farm grows apples
oranges will increase by 15
and oranges. Production
pounds.
possibilities for this farm
are provided in the
following figure:
3 multiple choice options
/ 2/12
D 089/ D089 Objective Assessment (Latest Update ) A|
Pre-Exam Questions and Verified Answers | Grade A | 100%
Correct - WGU
Which set of questions is What, how, and for whom to produce goods and services 3
answered when a society multiple choice options
decides how to distribute
its scarce resources?
A local government is What to produce 3 multiple choice
making public options
policy decisions about
spending funds. The
residents have differing
opinions on whether the
funds should be used for
road repair, 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?
A newspaper is trying to Increasing the money supply raises the standard of
help citizens living for consumers in the long run.
understand economic
principles. Which 3 multiple choice options
misconception should
the article
address?
/ 1/1
2
, 8/5/25, 5:39 AM D077 Pre-assessment
Which scenario covers a As a result of a hard freeze, the price of cherries increases. 3
topic included in multiple choice options
microeconomics?
What accurately characterizes It can be in the form of intellectual discoveries. 3 multiple
capital? choice options
To describe the interaction of businesses and households in
Why is the circular flow model
markets
used?
3 multiple choice options
To produce more of one good, the economy gives up
What is a result of
more and more of other goods.
increasing opportunity
costs? 3 multiple choice options
How would a production As a constant slope, downward from left to right 3 multiple
possibility frontier be drawn choice options
for an economy that
produces two goods with
homogeneous resources?
A company is operating at a The resources of the company are being inefficiently utilized. 3
point inside its production multiple choice options
possibility frontier.
A country produces two If production of Good A increases, then production of Good B will
goods (A and B) and decrease.
currently operates on the
bowed out 3 multiple choice options
production possibilities
frontier. What is the
relationship between the
productions of Good A and
Good B?
Production of apples will increase
by 50 pounds, and production of
A local farm grows apples
oranges will increase by 15
and oranges. Production
pounds.
possibilities for this farm
are provided in the
following figure:
3 multiple choice options
/ 2/12
