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

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

1. What is true about tariffs?

A) They increase consumer surplus
B) They lower domestic prices below world prices
C) They allow the government to raise revenue
D) They eliminate deadweight loss

2. A country has experienced a decrease in inflation. What is the effect on the country's currency exchange rate?

A) It has no effect
B) It becomes unstable
C) It depreciates
D) It increases

3. What does the term resource mobility describe?

A) The assumption that a resource removed from one industry can be moved to another
B) An economic condition in which a nation exports more than it imports
C) The idea that governments should actively defend domestic industries from imports and vigorously promote the export of resources
D) The idea that market forces should determine how much to trade with little or no government intervention

4. Which statement about the GDP deflator is true?

A) It follows a nearly strict decreasing pattern from a base year.
B) It is a more reliable indicator of economic well-being than real GDP.
C) Its percentage change from one year to the next is the inflation rate.
D) It includes fewer core economic measurements than GDP.

5. The formula "fixed costs (FC) + variable costs (VC)" represents which quantity?

A) Marginal cost
B) Average cost
C) Total cost
D) Implicit cost

Solutions: