D089 Principles of Economics (D089)
Western Governors University
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D089 PRE-ASSESSMENT: PRINCIPLES OF ECONOMICS (INO1) (PINO) 2026-2027
- Exam (elaborations) • 40 pages • 2026
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PRE-ASSESSMENT: PRINCIPLES OF ECONOMICS (INO1) (PINO) 
Attempt #1 
Status: Passed 
Correct 
1. 
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 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? 
YOUR 
ANSWER 
CORRECT 
ANSWER 
What to produce 
Why to ...
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WGU - D089 Principles of Economics EXAM WITH CORRECT ANSWERS,
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HOW TO PASS D089 Principles of Economics STUDY GUIDE NOTES + 70 EXAM QUESTIONS AND ANSWERS LAST PAGES 2025 NEW VERSION Western Governors University
- Exam (elaborations) • 99 pages • 2025
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HOW TO PASS D089 Principles of Economics STUDY GUIDE NOTES + 70 EXAM QUESTIONS AND ANSWERS LAST PAGES 2025 NEW VERSION Western Governors University 
D089 Principles of Economics Notes 
 
 
Unit 1: Introduction 
Unit 2: The Economic Way of Thinking 
Module 1: The Economic Way of Thinking Module 2: The Economic Problem 
Unit 3: Microeconomics 
Module 3: Supply, Demand, and Elasticity Module 4: EfÏcient and InefÏcient Markets Module 5: Production and Costs 
Module 6: Market Structures Unit 4: Mac...
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D089 Study Guide Questions from every module with well explained answers (this will help you pass easily) new version 2025 Western Governors University
- Exam (elaborations) • 64 pages • 2025
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D089 Study Guide Questions from every module with well explained answers (this will help you pass easily) new version 2025 Western Governors University 
D089 Study Guide Questions from every module with well explained answers (this will help you pass easily) new version 2025 Western Governors University 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
D089 - Study Guide Questions 
Module 1 – The Economic Way of Thinking 
1.	What are the three fundamental questions every economy must answer? Give an ...
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WGU - D089 Principles of Economics |263 Questions with Verified Answers
- Exam (elaborations) • 32 pages • 2025
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10th (Principles of Economics ) Ans There is short-run tradeoff between inflation and unemployment. 
 
1st (Principles of Economics ) Ans Everyone faces tradeoffs 
 
2nd (Principles of Economics ) Ans The cost of something is determined by what you give up to get it. 
 
3rd (Principles of Economics ) Ans Rational people think at the margin. 
 
4th (Principles of Economics ) Ans People respond to incentives. 
 
5th (Principles of Economics ) Ans Trade can benefit everyone. 
 
6th (Principles of E...
WGU D089 Principles of Economics - Pre-Assessment Questions with Verified Answers
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