Exam Name: WGU Global Economics for Managers (C211, UZC2)
Certification Provider: WGU
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WGU Global-Economics-for-Managers Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Managerial Economic Decision-Making | - Risk and uncertainty in global markets - Cost-benefit analysis in business contexts |
| Microeconomics for Managers | - Elasticity and pricing decisions - Supply and demand analysis - Market structures and competition |
| Foundations of Economics | - Market systems and economic models - Scarcity, opportunity cost, and economic reasoning |
| Macroeconomic Environment | - Fiscal and monetary policy - GDP, inflation, and unemployment |
| Global Economics | - Global economic institutions and trade policy - Exchange rates and currency systems - International trade and comparative advantage |
WGU Global Economics for Managers (C211, UZC2) Sample Questions:
Which statement is a description of theocratic law?
- A. It is a legal system that is the oldest, most influential, and most widely distributed in the world.
- B. It is a legal system based on religious teachings and dogma.
- C. It is a legal system that uses comprehensive statutes and codes as a primary means to form legal judgments.
- D. It is a legal system that is shaped by precedents and traditions from previous judicial decisions.
Correct Answer: B 🗳️
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In which situation is the contender strategy appropriate for responding to multinational enterprises (MNEs)?
- A. There is high industry pressure to globalize, and competitive assets are transferable abroad.
- B. There is low industry pressure to globalize, and competitive assets are customized to home markets.
- C. There is low industry pressure to globalize, and competitive assets are transferable abroad.
- D. There is high industry pressure to globalize, and competitive assets are customized to home markets.
Correct Answer: D 🗳️
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Which scenario most likely describes a late mover?
- A. A company makes preemptive investments.
- B. A company faces fewer market uncertainties.
- C. A company gains advantage through proprietary technology.
- D. A company is able to erect significant barriers for other entrants.
Correct Answer: B 🗳️
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What is purchasing power parity (PPP)?
- A. A theory suggesting that the price for identical products sold in different countries must be the same in the absence of trade barriers
- B. The idea that a country ' s exchange rate is an indicator of socioeconomic well-being
- C. The gain from taking advantage of inefficient exchange rates
- D. The movement of investors in the same direction at the same time
Correct Answer: A 🗳️
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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 right.
- B. The demand curve shifts left.
- C. The demand curve shifts up.
- D. The demand curve shifts down.
Correct Answer: B 🗳️
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