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WGU Global-Economics-for-Managers Exam Syllabus Topics:

SectionObjectives
Microeconomics for Managers- Market structures and competition
- Supply and demand analysis
- Elasticity and pricing decisions
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
Global Economics- Exchange rates and currency systems
- International trade and comparative advantage
- Global economic institutions and trade policy

WGU Global Economics for Managers (C211, UZC2) Sample Questions:

Question #1

What is a characteristic of a market economy?

  • A. It found a near ideal in China and the former Soviet Union during the heydays of communism.
  • B. The government takes a hands-off approach known as laissez-faire.
  • C. Factors of production are government-owned or state-owned.
  • D. It is defined by a government taking the authoritative role in the economy.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #2

What is the necessity of making sensible decisions in the absence of complete information called?

  • A. Perfect rationality
  • B. Moral hazard
  • C. Adverse selection
  • D. Bounded rationality
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Correct Answer: D  🗳️

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Question #3

Managers and firms rationally pursue their interests and make choices within institutional constraints.
Which situation illustrates this proposition of the institution-based view of global business?

  • A. A multinational relocates production after a minimum wage increase.
  • B. A firm introduces a new product due to consumer trends.
  • C. A firm lowers prices to gain market share.
  • D. A firm increases advertising to boost brand awareness.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #4

Which term best describes a market structure of limited competition in which the market is shared by a small number of sellers?

  • A. Monopoly
  • B. Monopolistic competition
  • C. Perfect competition
  • D. Oligopoly
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Correct Answer: D  🗳️

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Question #5

What is the most basic way for nonfinancial companies to adjust to fluctuations of the foreign exchange market?

  • A. Forward transactions
  • B. Rate locks
  • C. Invoicing customers in the company's currency
  • D. Currency hedging
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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