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WGU Global-Economics-for-Managers Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Microeconomics for Managers | - Supply and demand analysis - Elasticity and pricing decisions - Market structures and competition |
| Topic 2: Foundations of Economics | - Scarcity, opportunity cost, and economic reasoning - Market systems and economic models |
| Topic 3: Managerial Economic Decision-Making | - Risk and uncertainty in global markets - Cost-benefit analysis in business contexts |
| Topic 4: Global Economics | - Exchange rates and currency systems - International trade and comparative advantage - Global economic institutions and trade policy |
| Topic 5: Macroeconomic Environment | - GDP, inflation, and unemployment - Fiscal and monetary policy |
WGU Global Economics for Managers (C211, UZC2) Sample Questions:
What is an example of a company that is market-seeking?
- A. A company searching for a location where a specific type of plastic is low-cost and readily available
- B. A company searching for a location where rocks and minerals can be mined
- C. A company searching for a location where the cost of unskilled labor is low
- D. A company searching for a location where there is a high interest in camping supplies
Correct Answer: D 🗳️
Explanation: Only visible for Test4Cram members. You can sign-up / login (it's free).
What is true about producer surplus?
- A. It is used to measure the well-being of sellers
- B. It equals total revenue
- C. It measures social welfare
- D. It measures the well-being of consumers
Correct Answer: A 🗳️
Explanation: Only visible for Test4Cram members. You can sign-up / login (it's free).
What is one of the two major exchange rate policies?
- A. Matched rate
- B. Floating rate
- C. Fiscal rate
- D. Discount rate
Correct Answer: B 🗳️
Explanation: Only visible for Test4Cram members. You can sign-up / login (it's free).
What is true about forward transactions?
- A. They convert one currency into another at one time with an agreement to revert it back at another time in the future.
- B. They are the classic single-shot exchange of one currency for another.
- C. They allow participants to buy and sell currencies now for future delivery.
- D. They allow traders to sell currency holdings at an exchange rate in the past.
Correct Answer: C 🗳️
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Who are the primary and largest participants in the foreign exchange market?
- A. Multinational manufacturing firms
- B. Central banks
- C. Individual currency traders
- D. Large international banks
Correct Answer: D 🗳️
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