Exam Name: WGU Global Economics for Managers (C211, UZC2)
Certification Provider: WGU
Corresponding Certification: Courses and Certificates
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WGU Global-Economics-for-Managers Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| International Trade Theory and Policy | 25% | - Classical and Modern Trade Theories
|
| Foundations of Global Economics | 20% | - Economic Systems and Institutions
|
| Macroeconomics for Managers | 10% | - Economic Indicators and Policies
|
| Global Finance and Monetary Systems | 25% | - Foreign Exchange Markets
|
| Foreign Direct Investment and Global Strategy | 20% | - Global Business Strategy
|
WGU Global Economics for Managers (C211, UZC2) Sample Questions:
In which mode of entry do companies build new factories and offices from scratch?
- A. Joint ventures
- B. Direct exports
- C. Co-marketing operations
- D. Greenfield operations
Correct Answer: D 🗳️
Explanation: Only visible for Prep4away 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. Point A represents a bundle that costs more than Point B.
- B. The consumer's preference for bundle A is the same as for bundle B.
- C. Point B represents a bundle that costs more than Point A.
- D. The consumer prefers bundle A over bundle B.
Correct Answer: B 🗳️
Explanation: Only visible for Prep4away members. You can sign-up / login (it's free).
What are features shared by monopolies and perfect competition? (Choose TWO.)
- A. In the long run, it is nearly impossible for new firms to enter.
- B. Maximum profit occurs when marginal revenue equals marginal cost.
- C. The structure does not produce the welfare-maximizing level of output.
- D. In the long run, new firms can easily enter the market.
- E. Firms earn economic profits in the short run.
- F. Price is greater than marginal cost.
Correct Answer: B,E 🗳️
Explanation: Only visible for Prep4away members. You can sign-up / login (it's free).
What does the Federal Reserve do to expand aggregate demand? (Choose TWO.)
- A. Reduce the quantity of reserves
- B. Raise mortgage rates
- C. Increase the foreign exchange rate
- D. Lower the interest rate
- E. Increase the money supply
- F. Decrease the money supply
Correct Answer: D,E 🗳️
Explanation: Only visible for Prep4away members. You can sign-up / login (it's free).
Which system has elements of a market economy and a command economy?
- A. Market-command economy
- B. Fair economy
- C. Compromise economy
- D. Mixed economy
Correct Answer: D 🗳️
Explanation: Only visible for Prep4away members. You can sign-up / login (it's free).
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