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WGU Global-Economics-for-Managers Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Macroeconomic Environment | - Fiscal and monetary policy - GDP, inflation, and unemployment |
| Topic 2: Global Economics | - International trade and comparative advantage - Global economic institutions and trade policy - Exchange rates and currency systems |
| Topic 3: Microeconomics for Managers | - Supply and demand analysis - Elasticity and pricing decisions - Market structures and competition |
| Topic 4: Managerial Economic Decision-Making | - Cost-benefit analysis in business contexts - Risk and uncertainty in global markets |
| Topic 5: Foundations of Economics | - Market systems and economic models - Scarcity, opportunity cost, and economic reasoning |
WGU Global Economics for Managers (C211, UZC2) Sample Questions:
Question 1
Which goods have a positive cross-price elasticity?
A. Shortage goods
B. Substitutes
C. Complements
D. Normal goods
Question 2
When there is an expectation of lower income in the future, what is the effect on the demand curve for a normal good?
A. The demand curve shifts up.
B. The demand curve shifts down.
C. The demand curve shifts right.
D. The demand curve shifts left.
Question 3
Which pillar of formal institutions represents the coercive power of governments?
A. Normative
B. Regulatory
C. Cultural
D. Cognitive
Question 4
In which mode of entry do companies build new factories and offices from scratch?
A. Greenfield operations
B. Direct exports
C. Co-marketing operations
D. Joint ventures
Question 5
Managers and firms rationally pursue their interests and make choices within institutional constraints.
Which situation illustrates this proposition of the institution-based view of global business?
A. A firm introduces a new product due to consumer trends.
B. A multinational relocates production after a minimum wage increase.
C. A firm lowers prices to gain market share.
D. A firm increases advertising to boost brand awareness.
Solutions:
| Question 1 Answer: B | Question 2 Answer: D | Question 3 Answer: B | Question 4 Answer: A | Question 5 Answer: B |
