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WGU Global-Economics-for-Managers Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Microeconomics for Managers | - Market structures and competition - Supply and demand analysis - Elasticity and pricing decisions |
| Global Economics | - International trade and comparative advantage - Global economic institutions and trade policy - Exchange rates and currency systems |
| Managerial Economic Decision-Making | - Cost-benefit analysis in business contexts - Risk and uncertainty in global markets |
| Foundations of Economics | - Scarcity, opportunity cost, and economic reasoning - Market systems and economic models |
| Macroeconomic Environment | - GDP, inflation, and unemployment - Fiscal and monetary policy |
WGU Global Economics for Managers (C211, UZC2) Sample Questions:
Which characteristics are attributed to a democracy? (Choose THREE.)
- A. It prohibits private ownership.
- B. It prizes freedom of expression and organization.
- C. It extends the right to organize economically to domestic and foreign firms.
- D. It concentrates power in a single ruling party.
- E. It contains political risk that is lower than in other political systems.
Correct Answer: B,C,E 🗳️
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What is one of the three primary strategies that nonfinancial companies use to cope with currency risks?
- A. Strategic hedging
- B. Using foreign dealers for their goods
- C. Reducing currency liabilities
- D. Keeping low inventories
Correct Answer: A 🗳️
Explanation: Only visible for DumpsQuestion members. You can sign-up / login (it's free).
When is it best for a firm to restart production?
- A. When total variable costs are less than total revenue after a short-term stop
- B. When total cost is greater than total revenue
- C. When marginal cost is greater than marginal revenue
- D. When total revenue is less than total cost
Correct Answer: A 🗳️
Explanation: Only visible for DumpsQuestion 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. Higher indifference curves are preferred to lower ones.
- C. Indifference curves can intersect.
- D. Indifference curves slope upward.
Correct Answer: A,B 🗳️
Explanation: Only visible for DumpsQuestion members. You can sign-up / login (it's free).
Which company has a natural resource-seeking strategic goal?
- A. A company searching for a location with a large consumer market
- B. A company searching for a location where there is an abundance of oil
- C. A company searching for a location where labor costs are low
- D. A company searching for a location with advanced technology clusters
Correct Answer: B 🗳️
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