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WGU Global-Economics-for-Managers Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Global Economics | - Exchange rates and currency systems - International trade and comparative advantage - Global economic institutions and trade policy |
| Microeconomics for Managers | - Supply and demand analysis - Elasticity and pricing decisions - Market structures and competition |
| Foundations of Economics | - Market systems and economic models - Scarcity, opportunity cost, and economic reasoning |
| Macroeconomic Environment | - GDP, inflation, and unemployment - Fiscal and monetary policy |
| 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:
What is an example of a transaction accounted for in the net exports component of GDP?
- A. A person buys a car from a different country.
- B. A member of Congress is paid a salary.
- C. A couple buys a new house.
- D. A person buys food.
Correct Answer: A 🗳️
Explanation: Only visible for PassLeader members. You can sign-up / login (it's free).
Which scenario demonstrates a monopoly created by a resource?
- A. An author copyrights a new book.
- B. A software company copyrights the code for new software.
- C. A new rare jewel is found, and only one mine in the world has it.
- D. A bridge is so infrequently used that it has a large fixed cost and negligible marginal cost.
Correct Answer: C 🗳️
Explanation: Only visible for PassLeader 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. Reduce the quantity of reserves
- C. Decrease the money supply
- D. Increase the money supply
- E. Increase the foreign exchange rate
- F. Raise mortgage rates
Correct Answer: A,D 🗳️
Explanation: Only visible for PassLeader members. You can sign-up / login (it's free).
What is a characteristic of a market economy?
- A. Central planning determines production decisions.
- B. Prices are fixed by the government.
- C. Factors of production are privately owned.
- D. Resources are allocated through quotas.
Correct Answer: C 🗳️
Explanation: Only visible for PassLeader members. You can sign-up / login (it's free).
Which statement best summarizes the overall economic effect of tariffs?
- A. They transfer surplus from consumers to producers and the government
- B. They eliminate inefficiencies in global trade
- C. They benefit consumers more than producers
- D. They increase total economic surplus
Correct Answer: A 🗳️
Explanation: Only visible for PassLeader members. You can sign-up / login (it's free).
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