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WGU Global-Economics-for-Managers Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Global Economics | - International trade and comparative advantage - Global economic institutions and trade policy - Exchange rates and currency systems |
| Topic 2: Foundations of Economics | - Scarcity, opportunity cost, and economic reasoning - Market systems and economic models |
| Topic 3: Macroeconomic Environment | - Fiscal and monetary policy - GDP, inflation, and unemployment |
| Topic 4: Microeconomics for Managers | - Market structures and competition - Supply and demand analysis - Elasticity and pricing decisions |
| Topic 5: Managerial Economic Decision-Making | - Cost-benefit analysis in business contexts - Risk and uncertainty in global markets |
WGU Global Economics for Managers (C211, UZC2) Sample Questions:
What is a tariff levied on imports that are selling below cost in order to unfairly drive domestic firms out of business?
- A. Factor endowment
- B. Antidumping duty
- C. Deadweight cost
- D. Opportunity cost
Correct Answer: B 🗳️
Explanation: Only visible for Prep4sures members. You can sign-up / login (it's free).
What is a key feature of an oligopoly?
- A. There is little, if any, motivation for cooperation between firms.
- B. The actions of any one seller in the market have little to no impact on the profits of all the other sellers.
- C. Firms in an oligopoly are independent of one another, much like competitive firms.
- D. There is tension between cooperation and self-interest.
Correct Answer: D 🗳️
Explanation: Only visible for Prep4sures members. You can sign-up / login (it's free).
Which statement is a description of theocratic law?
- A. It is a legal system based on religious teachings and dogma.
- B. It is a legal system that uses comprehensive statutes and codes as a primary means to form legal judgments.
- C. It is a legal system that is the oldest, most influential, and most widely distributed in the world.
- D. It is a legal system that is shaped by precedents and traditions from previous judicial decisions.
Correct Answer: A 🗳️
Explanation: Only visible for Prep4sures members. You can sign-up / login (it's free).
When confronting MNEs, the extender strategy centers on what?
- A. Cooperating through joint ventures (JVs) with MNEs and sell-offs to MNEs
- B. Leveraging local assets in areas in which MNEs are weak
- C. Engaging in rapid learning and then expanding overseas
- D. Leveraging homegrown competencies abroad
Correct Answer: D 🗳️
Explanation: Only visible for Prep4sures members. You can sign-up / login (it's free).
Barriers to entry help to create monopolies. What is a common type of barrier?
- A. Economies of scale in the production process
- B. Elastic demand curves
- C. Progressive tax structures
- D. A firm purchasing competitors
Correct Answer: A 🗳️
Explanation: Only visible for Prep4sures members. You can sign-up / login (it's free).
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