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WGU Global-Economics-for-Managers Exam Overview:
| Certification Vendor: | WGU (Western Governors University) |
| Exam Name: | Global Economics for Managers |
| Exam Number: | C211 / UZC2 |
| Exam Price: | Included in tuition |
| Certificate Validity Period: | N/A |
| Exam Format: | Multiple Choice, Scenario-Based |
| Related Certifications: | Master of Business Administration (MBA) |
| Available Languages: | English |
| Sample Questions: | WGU Global-Economics-for-Managers Sample Questions |
| Exam Way: | Online Proctored Objective Assessment (OA) |
| Pre Condition: | Enrollment in WGU MBA program |
| Official Syllabus URL: | https://www.wgu.edu/online-business-degrees/mba-masters-business-administration-program.html |
WGU Global-Economics-for-Managers Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Competency 2: Political and Economic Forces | - Property Rights and the Rule of Law - Market Economy vs. Command Economy |
| Topic 2: Key Topics Across All Competencies | - Elastic vs. Inelastic Goods - International Trade Policies (Tariffs, Quotas) - Global Business Strategies and Porter's Framework - Currency Appreciation and Depreciation - Foreign Direct Investment (FDI) Impacts - Supply and Demand Shifts |
| Topic 3: Competency 3: Economic Decision-Making by Firms and Customers | - Firm Behavior Under Different Market Structures (Perfect Competition, Monopoly, Oligopoly) - Consumer Behavior (Budget Constraint, Indifference Curves) |
| Topic 4: Competency 1: International Trade and Currency Exchange | - Impact of Interest Rates on Financial Flows and Exchange Rates - Currency Exchange Rate Determination - Introduction to International Trade Theories |
WGU Global Economics for Managers (C211, UZC2) Sample Questions:
1. What is one of the two major exchange rate policies?
A) Floating rate
B) Fiscal rate
C) Discount rate
D) Matched rate
2. What measures how the quantity demanded of one good responds to a change in the price of another good?
A) Price elasticity of demand
B) Quantity elasticity of demand
C) Cross-price elasticity of demand
D) Equilibrium elasticity of demand
3. In an oligopoly with an initial agreement to maximize total profit, which statements might a firm motivated by self-interest likely make? (Choose THREE.)
A) "I should always cooperate, regardless of outcomes."
B) "I am better off reducing output below the agreed level."
C) "Regardless of what my fellow firms do, I am better off raising production beyond the agreed-to level."
D) "If my fellow firms live up to the agreement, I am better off raising production."
E) "If my fellow firms fail to live up to the agreement and raise production, I am better off raising production myself."
4. Which statement describes one of the three views of globalization?
A) Globalization is a threat to product quality and technological innovation.
B) Globalization is an invested agreement to prevent international wars.
C) Globalization is a new force sweeping through the world in recent times.
D) Globalization is a long-awaited solution to worldwide problems.
5. Which transaction is included in the consumption component of GDP?
A) A person pays for a haircut
B) A government builds a highway
C) A company exports automobiles
D) A firm purchases new machinery
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: C | Question # 3 Answer: C,D,E | Question # 4 Answer: C | Question # 5 Answer: A |
By Darlene
