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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 |
| Macroeconomic Environment | - GDP, inflation, and unemployment - Fiscal and monetary policy |
| Foundations of Economics | - Scarcity, opportunity cost, and economic reasoning - Market systems and economic models |
| Managerial Economic Decision-Making | - Risk and uncertainty in global markets - Cost-benefit analysis in business contexts |
| Global Economics | - International trade and comparative advantage - Exchange rates and currency systems - Global economic institutions and trade policy |
WGU Global Economics for Managers (C211, UZC2) Sample Questions:
Which entrant is able to erect significant barriers for other entrants?
- A. Contender
- B. First mover
- C. Late mover
- D. Dodger
Correct Answer: B š³ļø
Explanation: Only visible for DumpExam members. You can sign-up / login (it's free).
What is one of the four strategic goals of firms looking for potential locations?
- A. Market-seeking
- B. Competition-seeking
- C. Scale-seeking
- D. Profit-seeking
Correct Answer: A š³ļø
Explanation: Only visible for DumpExam members. You can sign-up / login (it's free).
An import tariff is implemented on furniture. What is the effect on consumer surplus for furniture?
- A. It changes depending on market conditions.
- B. It does not change.
- C. It increases.
- D. It decreases.
Correct Answer: D š³ļø
Explanation: Only visible for DumpExam members. You can sign-up / login (it's free).
What is a tariff levied on imports that are selling below cost in order to unfairly drive domestic firms out of business?
- A. Deadweight cost
- B. Antidumping duty
- C. Factor endowment
- D. Opportunity cost
Correct Answer: B š³ļø
Explanation: Only visible for DumpExam members. You can sign-up / login (it's free).
Which effect does increased government spending have on aggregate demand if the multiplier effect is greater than the crowding-out effect?
- A. Aggregate demand decreases by less than the increase in government spending.
- B. Aggregate demand increases by less than the increase in government spending.
- C. Aggregate demand increases by more than the increase in government spending.
- D. Aggregate demand decreases by more than the increase in government spending.
Correct Answer: C š³ļø
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