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WGU Global-Economics-for-Managers Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Microeconomics for Managers | - Market structures and competition - Supply and demand analysis - Elasticity and pricing decisions |
| Global Economics | - Global economic institutions and trade policy - Exchange rates and currency systems - International trade and comparative advantage |
| Managerial Economic Decision-Making | - Risk and uncertainty in global markets - Cost-benefit analysis in business contexts |
| Foundations of Economics | - Scarcity, opportunity cost, and economic reasoning - Market systems and economic models |
| Macroeconomic Environment | - GDP, inflation, and unemployment - Fiscal and monetary policy |
WGU Global Economics for Managers (C211, UZC2) Sample Questions:
What are properties of a typical indifference curve? (Choose TWO.)
- A. Indifference curves do not cross.
- B. Higher indifference curves are preferred to lower ones.
- C. Indifference curves can intersect.
- D. Indifference curves slope upward.
Correct Answer: A,B 🗳️
Explanation: Only visible for BootcampPDF members. You can sign-up / login (it's free).
What are examples of equity modes of entry? (Choose THREE.)
- A. Franchising
- B. Acquisitions
- C. Strategic alliances
- D. Licensing
- E. Greenfield investments
Correct Answer: B,C,E 🗳️
Explanation: Only visible for BootcampPDF members. You can sign-up / login (it's free).
What is an example of a transaction accounted for in the net exports component of GDP?
- A. A person buys food.
- B. A couple buys a new house.
- C. A member of Congress is paid a salary.
- D. A person buys a car from a different country.
Correct Answer: D 🗳️
Explanation: Only visible for BootcampPDF members. You can sign-up / login (it's free).
The benefit attributed to firms that enter a market before other firms in the same market segment is best described by which term?
- A. First-mover advantage
- B. Late-mover advantage
- C. Economies of scope
- D. Competitive neutrality
Correct Answer: A 🗳️
Explanation: Only visible for BootcampPDF members. You can sign-up / login (it's free).
Point A is on the same indifference curve as Point B. What can be said about the points?
- A. The consumer prefers bundle A over bundle B.
- B. Point B represents a bundle that costs more than Point A.
- C. Point A represents a bundle that costs more than Point B.
- D. The consumer's preference for bundle A is the same as for bundle B.
Correct Answer: D 🗳️
Explanation: Only visible for BootcampPDF members. You can sign-up / login (it's free).
