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WGU Global-Economics-for-Managers Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Microeconomics for Managers | - Market structures and competition - Supply and demand analysis - Elasticity and pricing decisions |
| Foundations of Economics | - Scarcity, opportunity cost, and economic reasoning - Market systems and economic models |
| Global Economics | - International trade and comparative advantage - Exchange rates and currency systems - Global economic institutions and trade policy |
| Managerial Economic Decision-Making | - Risk and uncertainty in global markets - Cost-benefit analysis in business contexts |
| Macroeconomic Environment | - Fiscal and monetary policy - GDP, inflation, and unemployment |
WGU Global Economics for Managers (C211, UZC2) Sample Questions:
When is it best for a firm to decrease production?
- A. When the average variable cost is less than the price of a unit after a short-term stop.
- B. When the price of a unit covers the average variable cost after a short-term stop.
- C. When marginal cost is greater than marginal revenue.
- D. When total revenue is greater than total cost.
Correct Answer: C 🗳️
Explanation: Only visible for ValidVCE members. You can sign-up / login (it's free).
Which pillar of formal institutions represents the coercive power of governments?
- A. Normative
- B. Cultural
- C. Regulatory
- D. Cognitive
Correct Answer: C 🗳️
Explanation: Only visible for ValidVCE members. You can sign-up / login (it's free).
Which scenario most likely describes a late mover?
- A. A company is able to erect significant barriers for other entrants.
- B. A company gains advantage through proprietary technology.
- C. A company faces fewer market uncertainties.
- D. A company makes preemptive investments.
Correct Answer: C 🗳️
Explanation: Only visible for ValidVCE members. You can sign-up / login (it's free).
In which mode of entry do companies build new factories and offices from scratch?
- A. Direct exports
- B. Joint ventures
- C. Co-marketing operations
- D. Greenfield operations
Correct Answer: D 🗳️
Explanation: Only visible for ValidVCE members. You can sign-up / login (it's free).
What is purchasing power parity (PPP)?
- A. A theory suggesting that the price for identical products sold in different countries must be the same in the absence of trade barriers
- B. The idea that a country ' s exchange rate is an indicator of socioeconomic well-being
- C. The movement of investors in the same direction at the same time
- D. The gain from taking advantage of inefficient exchange rates
Correct Answer: A 🗳️
Explanation: Only visible for ValidVCE members. You can sign-up / login (it's free).
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