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WGU Global-Economics-for-Managers Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Macroeconomic Environment | - GDP, inflation, and unemployment - Fiscal and monetary policy |
| Topic 2: Managerial Economic Decision-Making | - Risk and uncertainty in global markets - Cost-benefit analysis in business contexts |
| Topic 3: Foundations of Economics | - Scarcity, opportunity cost, and economic reasoning - Market systems and economic models |
| Topic 4: Global Economics | - Exchange rates and currency systems - International trade and comparative advantage - Global economic institutions and trade policy |
| Topic 5: Microeconomics for Managers | - Supply and demand analysis - Market structures and competition - Elasticity and pricing decisions |
WGU Global Economics for Managers (C211, UZC2) Sample Questions:
What is the definition of marginal cost?
- A. The total cost divided by total output
- B. The increase in cost that arises from producing an additional unit of output
- C. The opportunity cost of capital
- D. The fixed cost of production
Correct Answer: B 🗳️
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What is true about tariffs?
- A. They increase consumer surplus
- B. They eliminate deadweight loss
- C. They allow the government to raise revenue
- D. They lower domestic prices below world prices
Correct Answer: C 🗳️
Explanation: Only visible for DumpsTorrent members. You can sign-up / login (it's free).
When is it best for a firm to restart production?
- A. When total variable costs are less than total revenue after a short-term stop
- B. When marginal cost is greater than marginal revenue
- C. When total cost is greater than total revenue
- D. When total revenue is less than total cost
Correct Answer: A 🗳️
Explanation: Only visible for DumpsTorrent members. You can sign-up / login (it's free).
Which statement describes one of the three views of globalization?
- A. Globalization is a long-awaited solution to worldwide problems.
- B. Globalization is a new force sweeping through the world in recent times.
- C. Globalization is an invested agreement to prevent international wars.
- D. Globalization is a threat to product quality and technological innovation.
Correct Answer: B 🗳️
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Which statement is a description of theocratic law?
- A. It is a legal system based on religious teachings and dogma.
- B. It is a legal system that is the oldest, most influential, and most widely distributed in the world.
- C. It is a legal system that uses comprehensive statutes and codes as a primary means to form legal judgments.
- D. It is a legal system that is shaped by precedents and traditions from previous judicial decisions.
Correct Answer: A 🗳️
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