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WGU Global-Economics-for-Managers Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Foreign Direct Investment and Global Strategy | 20% | - Global Business Strategy
|
| International Trade Theory and Policy | 25% | - Trade Policies and Barriers
|
| Global Finance and Monetary Systems | 25% | - Balance of Payments and International Monetary System
|
| Macroeconomics for Managers | 10% | - Economic Indicators and Policies
|
| Foundations of Global Economics | 20% | - Economic Systems and Institutions
|
WGU Global Economics for Managers (C211, UZC2) Sample Questions:
What is one of the four strategic goals of firms looking for potential locations?
- A. Market-seeking
- B. Profit-seeking
- C. Scale-seeking
- D. Competition-seeking
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Costs that do not vary with output quantity divided by the quantity of output is best described by which term?
- A. Average fixed cost
- B. Average variable cost
- C. Marginal cost
- D. Total cost
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What are common types of barriers to entry that can cause a monopoly? (Choose TWO.)
- A. Perfect information
- B. A single firm owning a key resource
- C. Free entry and exit
- D. Economies of scale in the production process
- E. Elastic demand
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When an import tariff is placed on footwear, which quantity increases?
- A. Consumer surplus for footwear
- B. Producer surplus for footwear
- C. The quantity of footwear imported
- D. Domestic demand for footwear
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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 lowers prices to gain market share.
- B. A multinational relocates production after a minimum wage increase.
- C. A firm increases advertising to boost brand awareness.
- D. A firm introduces a new product due to consumer trends.
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