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WGU Global-Economics-for-Managers Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Foundations of Economics | - Scarcity, opportunity cost, and economic reasoning - Market systems and economic models |
| Topic 2: Global Economics | - International trade and comparative advantage - Global economic institutions and trade policy - Exchange rates and currency systems |
| Topic 3: Macroeconomic Environment | - Fiscal and monetary policy - GDP, inflation, and unemployment |
| Topic 4: Microeconomics for Managers | - Elasticity and pricing decisions - Supply and demand analysis - Market structures and competition |
| Topic 5: 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:
If the demand for a good is elastic, what is true?
- A. Total revenue increases with a change in price in either direction.
- B. The quantity demanded responds substantially to changes in the price.
- C. Price and total revenue move in the same direction.
- D. The quantity demanded responds only slightly to changes in the price.
Correct Answer: B 🗳️
Explanation: Only visible for VCE4Dumps members. You can sign-up / login (it's free).
Which characteristics are attributed to a democracy? (Choose THREE.)
- A. It contains political risk that is lower than in other political systems.
- B. It extends the right to organize economically to domestic and foreign firms.
- C. It prizes freedom of expression and organization.
- D. It concentrates power in a single ruling party.
- E. It prohibits private ownership.
Correct Answer: A,B,C 🗳️
Explanation: Only visible for VCE4Dumps members. You can sign-up / login (it's free).
What does the Federal Reserve do to expand aggregate demand? (Choose TWO.)
- A. Lower the interest rate
- B. Increase the foreign exchange rate
- C. Raise mortgage rates
- D. Decrease the money supply
- E. Increase the money supply
- F. Reduce the quantity of reserves
Correct Answer: A,E 🗳️
Explanation: Only visible for VCE4Dumps members. You can sign-up / login (it's free).
What are examples of intellectual property? (Choose TWO.)
- A. A tariff
- B. A patent
- C. A trademark
- D. A subsidy
Correct Answer: B,C 🗳️
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What are examples of equity modes of entry? (Choose THREE.)
- A. Franchising
- B. Greenfield investments
- C. Acquisitions
- D. Strategic alliances
- E. Licensing
Correct Answer: B,C,D 🗳️
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