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WGU Global-Economics-for-Managers Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Global Economics | - International trade and comparative advantage - Global economic institutions and trade policy - Exchange rates and currency systems |
| Macroeconomic Environment | - GDP, inflation, and unemployment - Fiscal and monetary policy |
| Managerial Economic Decision-Making | - Risk and uncertainty in global markets - Cost-benefit analysis in business contexts |
| Foundations of Economics | - Scarcity, opportunity cost, and economic reasoning - Market systems and economic models |
| Microeconomics for Managers | - Market structures and competition - Supply and demand analysis - Elasticity and pricing decisions |
WGU Global Economics for Managers (C211, UZC2) Sample Questions:
Which factors increase a country's currency exchange value? Choose two answers.
- A. A rise in the interest rate
- B. A fall in productivity
- C. A rise in productivity
- D. A rise in inflation
- E. A fall in population
- F. Political unrest
Correct Answer: A,C 🗳️
Explanation: Only visible for VCE4Plus members. You can sign-up / login (it's free).
What are costs to home countries of foreign direct investment (FDI)? (Choose TWO.)
- A. Cultural disintegration
- B. Reduced standard of living
- C. Loss of sovereignty
- D. Job loss
- E. Capital outflow
- F. Loss of intellectual property
Correct Answer: D,E 🗳️
Explanation: Only visible for VCE4Plus members. You can sign-up / login (it's free).
What are characteristics of monopolistic competition? (Choose THREE.)
- A. One seller
- B. Free entry and exit
- C. Homogeneous products
- D. Product differentiation
- E. Many sellers
Correct Answer: B,D,E 🗳️
Explanation: Only visible for VCE4Plus 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 becomes negative
- B. It increases
- C. It decreases
- D. It remains unchanged
Correct Answer: B 🗳️
Explanation: Only visible for VCE4Plus members. You can sign-up / login (it's free).
What does producer surplus measure?
- A. The difference between the number of available goods and desired goods
- B. The benefit buyers receive from participating in a market
- C. The benefit sellers receive from participating in a market
- D. The economic well-being of a society
Correct Answer: C 🗳️
Explanation: Only visible for VCE4Plus members. You can sign-up / login (it's free).
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