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WGU Global-Economics-for-Managers Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| 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 | - International trade and comparative advantage - Global economic institutions and trade policy - Exchange rates and currency systems |
| Microeconomics for Managers | - Elasticity and pricing decisions - Supply and demand analysis - Market structures and competition |
| Managerial Economic Decision-Making | - Cost-benefit analysis in business contexts - Risk and uncertainty in global markets |
WGU Global Economics for Managers (C211, UZC2) Sample Questions:
A country has seen an increase in inflation. What is the effect on the country's currency exchange rate?
- A. It remains the same.
- B. It changes, but in an unknown direction.
- C. It decreases.
- D. It increases.
Correct Answer: C 🗳️
Explanation: Only visible for BraindumpsIT members. You can sign-up / login (it's free).
In a monopoly, which statements are likely true? (Choose TWO.)
- A. Entry is free in the long run
- B. One seller offers a unique good with no close substitutes
- C. Marginal revenue equals price
- D. There are barriers to entry into the market
- E. Firms are price takers
Correct Answer: B,D 🗳️
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Which statement about Federal Reserve lending to banks is true?
- A. Banks pay the discount rate when borrowing funds from the Fed.
- B. The discount rate is changed annually.
- C. Banks set consumer interest rates at the discount rate.
- D. Fed lending to banks follows an overall uptrend.
Correct Answer: A 🗳️
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What is a characteristic of a market economy?
- A. Central planning determines production decisions.
- B. Resources are allocated through quotas.
- C. Prices are fixed by the government.
- D. Factors of production are privately owned.
Correct Answer: D 🗳️
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Which statement characterizes an institution-based view of global business?
- A. Firm behaviors are the outcome of interactions between institutions and firms.
- B. Government regulations are the primary driver of institutional change.
- C. Financial motivations are excluded from consideration in explaining the interactions between institutions and firms.
- D. Institutions, not firms, are the sole factor in explaining individual behavior.
Correct Answer: A 🗳️
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