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WGU Global-Economics-for-Managers Exam Syllabus Topics:
| Section | Objectives |
| Topic 1: Global Economics | - International trade and comparative advantage
- Global economic institutions and trade policy
- Exchange rates and currency systems
|
| Topic 2: Managerial Economic Decision-Making | - Risk and uncertainty in global markets
- Cost-benefit analysis in business contexts
|
| Topic 3: Macroeconomic Environment | - Fiscal and monetary policy
- GDP, inflation, and unemployment
|
| Topic 4: Foundations of Economics | - Scarcity, opportunity cost, and economic reasoning
- Market systems and economic models
|
| Topic 5: Microeconomics for Managers | - Supply and demand analysis
- Market structures and competition
- Elasticity and pricing decisions
|
WGU Global Economics for Managers (C211, UZC2) Sample Questions:
Question 1
Which strategy for responding to multinational enterprises is appropriate in a situation in which there is low industry pressure to globalize and competitive assets are customized to home markets?
A. Retainer strategy
B. Defender strategy
C. Responder strategy
D. Contender strategy
Question 2
In which situation is the contender strategy appropriate for responding to multinational enterprises (MNEs)?
A. There is high industry pressure to globalize, and competitive assets are customized to home markets.
B. There is low industry pressure to globalize, and competitive assets are customized to home markets.
C. There is high industry pressure to globalize, and competitive assets are transferable abroad.
D. There is low industry pressure to globalize, and competitive assets are transferable abroad.
Question 3
If the demand for a good is inelastic, what is true?
A. Quantity demanded responds only slightly to price changes
B. Quantity demanded responds substantially to price changes
C. Price and total revenue move in opposite directions
D. Consumers are highly sensitive to price changes
Question 4
Barriers to entry in a market are the main cause of monopolies. Which statement is accurate when the barrier to entry has its source in government regulation?
A. Economies of scale allow a firm to create output at a lower cost than other competitors.
B. A single firm can supply a good or service to an entire market at a lower cost than two or more firms could.
C. A key resource required for production is owned by a single firm.
D. A single firm has the exclusive legal right to produce some good or service.
Question 5
What does producer surplus measure?
A. The benefit sellers receive from participating in a market
B. The difference between the number of available goods and desired goods
C. The economic well-being of a society
D. The benefit buyers receive from participating in a market
Solutions:
Question 1 Answer: B | Question 2 Answer: A | Question 3 Answer: A | Question 4 Answer: D | Question 5 Answer: A |