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WGU Global-Economics-for-Managers Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Foundations of Global Economics | 20% | - Economic Systems and Institutions
|
| Topic 2: Foreign Direct Investment and Global Strategy | 20% | - Foreign Direct Investment (FDI)
|
| Topic 3: Global Finance and Monetary Systems | 25% | - Foreign Exchange Markets
|
| Topic 4: Macroeconomics for Managers | 10% | - Economic Indicators and Policies
|
| Topic 5: International Trade Theory and Policy | 25% | - Trade Policies and Barriers
|
WGU Global Economics for Managers (C211, UZC2) Sample Questions:
Question 1
If the demand for a good is elastic, what is true?
A. Price and total revenue move in the same direction.
B. The quantity demanded responds only slightly to changes in the price.
C. The quantity demanded responds substantially to changes in the price.
D. Total revenue increases with a change in price in either direction.
Question 2
What is the profit maximization condition for a monopoly?
A. When marginal cost is minimized
B. When price equals marginal cost
C. When total revenue is maximized
D. When marginal revenue equals marginal cost
Question 3
Which scenario most likely describes a late mover?
A. A company makes preemptive investments.
B. A company faces fewer market uncertainties.
C. A company gains advantage through proprietary technology.
D. A company is able to erect significant barriers for other entrants.
Question 4
What are common types of barriers to entry that can cause a monopoly? (Choose TWO.)
A. Elastic demand curves
B. Economies of scale in the production process
C. Government regulations prohibiting foreign investment
D. A firm purchasing competitors
E. Employee unions
F. Government regulations granting exclusive production rights
Question 5
What is one example of something a copyright is used to protect?
A. The design of a logo
B. The shape of a new invention
C. The name of a brand
D. The content of a book
Solutions:
| Question 1 Answer: C | Question 2 Answer: D | Question 3 Answer: B | Question 4 Answer: B,F | Question 5 Answer: D |
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