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WGU Global-Economics-for-Managers Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Managerial Economic Decision-Making | - Risk and uncertainty in global markets - Cost-benefit analysis in business contexts |
| Microeconomics for Managers | - Supply and demand analysis - Elasticity and pricing decisions - Market structures and competition |
| Macroeconomic Environment | - GDP, inflation, and unemployment - Fiscal and monetary policy |
| Foundations of Economics | - Market systems and economic models - Scarcity, opportunity cost, and economic reasoning |
| Global Economics | - Global economic institutions and trade policy - Exchange rates and currency systems - International trade and comparative advantage |
WGU Global Economics for Managers (C211, UZC2) Sample Questions:
When producing a piece of luggage, the marginal cost is $92 and the marginal revenue is $81. What is the best action for the firm?
- A. Increase production
- B. Enter the market
- C. Restart production
- D. Decrease production
Correct Answer: D 🗳️
Explanation: Only visible for Actual4Exams members. You can sign-up / login (it's free).
What are properties of a typical indifference curve? (Choose TWO.)
- A. Indifference curves do not cross.
- B. Indifference curves slope upward.
- C. Higher indifference curves are preferred to lower ones.
- D. Indifference curves can intersect.
Correct Answer: A,C 🗳️
Explanation: Only visible for Actual4Exams members. You can sign-up / login (it's free).
An import tariff is implemented on apples. What is the effect on domestic government revenue?
- A. It decreases
- B. It becomes negative
- C. It remains unchanged
- D. It increases
Correct Answer: D 🗳️
Explanation: Only visible for Actual4Exams members. You can sign-up / login (it's free).
What is a key feature of an oligopoly?
- A. There is tension between cooperation and self-interest.
- 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 little, if any, motivation for cooperation between firms.
Correct Answer: A 🗳️
Explanation: Only visible for Actual4Exams members. You can sign-up / login (it's free).
When confronting MNEs, the extender strategy centers on what?
- A. Engaging in rapid learning and then expanding overseas
- B. Cooperating through joint ventures (JVs) with MNEs and sell-offs to MNEs
- C. Leveraging homegrown competencies abroad
- D. Leveraging local assets in areas in which MNEs are weak
Correct Answer: C 🗳️
Explanation: Only visible for Actual4Exams members. You can sign-up / login (it's free).
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