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WGU Global-Economics-for-Managers Actual Tests : WGU Global Economics for Managers (C211, UZC2)
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WGU Global-Economics-for-Managers Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Competency 1: International Trade and Currency Exchange | - Impact of Interest Rates on Financial Flows and Exchange Rates - Introduction to International Trade Theories - Currency Exchange Rate Determination |
| Topic 2: Key Topics Across All Competencies | - Supply and Demand Shifts - Currency Appreciation and Depreciation - Global Business Strategies and Porter's Framework - Elastic vs. Inelastic Goods - Foreign Direct Investment (FDI) Impacts - International Trade Policies (Tariffs, Quotas) |
| Topic 3: Competency 3: Economic Decision-Making by Firms and Customers | - Firm Behavior Under Different Market Structures (Perfect Competition, Monopoly, Oligopoly) - Consumer Behavior (Budget Constraint, Indifference Curves) |
| Topic 4: Competency 2: Political and Economic Forces | - Property Rights and the Rule of Law - Market Economy vs. Command Economy |
WGU Global Economics for Managers (C211, UZC2) Sample Questions:
The marginal cost of producing a computer is $600, but the marginal revenue is $1,000. What is the best action for the respective firm?
- A. Decrease production
- B. Increase production
- C. Pause production
- D. Exit the market
Correct Answer: B 🗳️
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Which methods does the Federal Reserve use to alter reserve quantities? Choose three answers.
- A. Raising inflation
- B. Selling stock shares
- C. Raising income tax rates
- D. Selling bonds
- E. Raising the discount rate
- F. Buying bonds
Correct Answer: D,E,F 🗳️
Explanation: Only visible for Actual4test members. You can sign-up / login (it's free).
Direct exports have which advantage?
- A. Capitalization of economies of scale in production in the home country
- B. Full control over foreign distribution
- C. Elimination of exchange rate risk
- D. Lower transportation costs
Correct Answer: A 🗳️
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Which factors increase a country's currency exchange value? Choose two answers.
- A. A fall in productivity
- B. A rise in productivity
- C. A fall in population
- D. A rise in inflation
- E. Political unrest
- F. A rise in the interest rate
Correct Answer: B,F 🗳️
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Which characteristics are attributed to a democracy? (Choose THREE.)
- A. It prohibits private ownership.
- B. It contains political risk that is lower than in other political systems.
- C. It concentrates power in a single ruling party.
- D. It extends the right to organize economically to domestic and foreign firms.
- E. It prizes freedom of expression and organization.
Correct Answer: B,D,E 🗳️
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