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WGU Global-Economics-for-Managers Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Macroeconomics for Managers | 10% | - Economic Indicators and Policies
|
| Topic 2: Global Finance and Monetary Systems | 25% | - Foreign Exchange Markets
|
| Topic 3: International Trade Theory and Policy | 25% | - Trade Policies and Barriers
|
| Topic 4: Foreign Direct Investment and Global Strategy | 20% | - Global Business Strategy
|
| Topic 5: Foundations of Global Economics | 20% | - Views on Globalization
|
WGU Global Economics for Managers (C211, UZC2) Sample Questions:
When is it best for a firm to increase production?
- A. When marginal cost exceeds marginal revenue
- B. When marginal revenue is greater than marginal cost
- C. When average cost is minimized
- D. When total revenue is maximized
Correct Answer: B 🗳️
Explanation: Only visible for TestKingFree members. You can sign-up / login (it's free).
What are examples of intellectual property? (Choose TWO.)
- A. A trademark
- B. A subsidy
- C. A tariff
- D. A patent
Correct Answer: A,D 🗳️
Explanation: Only visible for TestKingFree members. You can sign-up / login (it's free).
What are represented by formal institutions?
- A. Laws
- B. Cultural beliefs
- C. Social norms
- D. Traditions
Correct Answer: A 🗳️
Explanation: Only visible for TestKingFree members. You can sign-up / login (it's free).
What is the most basic way for nonfinancial companies to adjust to fluctuations of the foreign exchange market?
- A. Invoicing customers in the company's currency
- B. Currency hedging
- C. Rate locks
- D. Forward transactions
Correct Answer: A 🗳️
Explanation: Only visible for TestKingFree members. You can sign-up / login (it's free).
In a monopoly, which statements are likely true? (Choose TWO.)
- A. Marginal revenue equals price
- B. There are barriers to entry into the market
- C. One seller offers a unique good with no close substitutes
- D. Firms are price takers
- E. Entry is free in the long run
Correct Answer: B,C 🗳️
Explanation: Only visible for TestKingFree members. You can sign-up / login (it's free).
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