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WGU Global-Economics-for-Managers Exam Syllabus Topics:

SectionObjectives
Macroeconomic Environment- GDP, inflation, and unemployment
- Fiscal and monetary policy
Global Economics- Exchange rates and currency systems
- Global economic institutions and trade policy
- International trade and comparative advantage
Microeconomics for Managers- Market structures and competition
- Supply and demand analysis
- Elasticity and pricing decisions
Managerial Economic Decision-Making- Risk and uncertainty in global markets
- Cost-benefit analysis in business contexts
Foundations of Economics- Market systems and economic models
- Scarcity, opportunity cost, and economic reasoning

WGU Global Economics for Managers (C211, UZC2) Sample Questions:

What are characteristics of a market economy? (Choose TWO.)

  • A. It is characterized by the "invisible hand" of market forces.
  • B. It found a near ideal in China and the former Soviet Union during communism.
  • C. Supply, demand, and pricing are planned by the government.
  • D. It is defined by a government taking the authoritative role in the economy.
  • E. It was first noted by Adam Smith in The Wealth of Nations in 1776.
  • F. Factors of production are government-owned or state-owned.
Reveal Solution  Discussion  0

Correct Answer: A,E  🗳️

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Direct exports have which advantage?

  • A. Lower transportation costs
  • B. Full control over foreign distribution
  • C. Capitalization of economies of scale in production in the home country
  • D. Elimination of exchange rate risk
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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When the Federal Reserve decreases the money supply, what is the result?

  • A. The quantity of goods and services demanded for one specific price increases.
  • B. The aggregate demand for imports increases.
  • C. The efficiency of market corrections is reduced.
  • D. The quantity of goods and services demanded for any given price decreases.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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If the demand for a good is inelastic, what is true?

  • A. Quantity demanded responds substantially to price changes
  • B. Price and total revenue move in opposite directions
  • C. Consumers are highly sensitive to price changes
  • D. Quantity demanded responds only slightly to price changes
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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What happens when the Federal Reserve increases the money supply?

  • A. The aggregate supply curve shifts to the left
  • B. The aggregate demand curve shifts to the right
  • C. The aggregate demand curve shifts to the left
  • D. The aggregate supply curve shifts to the right
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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