WGU D089 Principles of Economics Test 100% Accurate

WGU D089 Principles of Economics Test 100% Accurate
Question :Which type of economy is characterized by a
government that plans and controls all economic activity?
Correct answer:Command
Question :What is an example of a normative economic
statement?
Correct answer:Marginal tax rates should be lowered on highincome individuals.
Question :Which characteristic is associated with natural
resources from a business perspective?
Correct answer:They exist without human effort.
Question :How can the available supply of natural resources
be increased?
Correct answer:Discovering new ways to extract resources
Question :A ski resort sells tickets online at $70 per ticket.
The resort is not selling many tickets, so it offers a two-forone opportunity. Which economic principle is being used?
Correct answer:People respond to incentives.

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