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WGU Global-Economics-for-Managers Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Macroeconomic Environment | - Fiscal and monetary policy - GDP, inflation, and unemployment |
| Topic 2: Foundations of Economics | - Scarcity, opportunity cost, and economic reasoning - Market systems and economic models |
| Topic 3: Microeconomics for Managers | - Market structures and competition - Supply and demand analysis - Elasticity and pricing decisions |
| Topic 4: Managerial Economic Decision-Making | - Risk and uncertainty in global markets - Cost-benefit analysis in business contexts |
| Topic 5: Global Economics | - Exchange rates and currency systems - International trade and comparative advantage - Global economic institutions and trade policy |
WGU Global Economics for Managers (C211, UZC2) Sample Questions:
Which pillar of formal institutions represents the coercive power of governments?
- A. Regulatory
- B. Normative
- C. Cultural
- D. Cognitive
Correct Answer: A 🗳️
Explanation: Only visible for PassLeaderVCE members. You can sign-up / login (it's free).
What are examples of variable costs? Choose two answers.
- A. A 5% tax charged by the government on variable inputs
- B. The monthly internet cost in a business that produces women's apparel
- C. A $1,000 license fee charged by the state government to operate a shop
- D. The CEO's salary for a major manufacturing firm
- E. The rent paid by a magazine publisher for its creative team
- F. The cost of the parts used in individual devices made by a computer manufacturer
Correct Answer: A,F 🗳️
Explanation: Only visible for PassLeaderVCE members. You can sign-up / login (it's free).
What are key features of an oligopoly? (Choose THREE.)
- A. The actions of any one seller can have a large impact on the profits of other sellers.
- B. There are a few sellers.
- C. There is little motivation for cooperation between firms.
- D. Firms are independent of one another, like competitive firms.
- E. The actions of any one seller have little impact on others' profits.
- F. Firms in an oligopoly are interdependent in ways competitive firms are not.
Correct Answer: A,B,F 🗳️
Explanation: Only visible for PassLeaderVCE members. You can sign-up / login (it's free).
One view of globalization claims that human civilization has always had some type of globalization.
Which view is it?
- A. The short-run economic view
- B. The modern institutional view
- C. The long-run historical view
- D. The technological convergence view
Correct Answer: C 🗳️
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Which company has a natural resource-seeking strategic goal?
- A. A company searching for a location where there is an abundance of oil
- B. A company searching for a location with advanced technology clusters
- C. A company searching for a location where labor costs are low
- D. A company searching for a location with a large consumer market
Correct Answer: A 🗳️
Explanation: Only visible for PassLeaderVCE members. You can sign-up / login (it's free).
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