WGU Global Economics for Managers (C211, UZC2) - Global-Economics-for-Managers certification

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WGU Global-Economics-for-Managers Exam Syllabus Topics:

WGU Global Economics for Managers (C211, UZC2) Sample Questions:

1. Which statement about the GDP deflator is true?

A) It includes fewer core economic measurements than GDP.
B) It is a more reliable indicator of economic well-being than real GDP.
C) It follows a nearly strict decreasing pattern from a base year.
D) Its percentage change from one year to the next is the inflation rate.

2. When supply decreases and demand stays the same, what happens to the equilibrium point of price and quantity? Choose two answers.

A) Quantity increases.
B) Quantity remains the same.
C) Price remains the same.
D) Quantity decreases.
E) Price increases.
F) Price decreases.

3. What is a key feature of an oligopoly?

A) There is little, if any, motivation for cooperation between firms.
B) There is tension between cooperation and self-interest.
C) The actions of any one seller in the market have little to no impact on the profits of all the other sellers.
D) Firms in an oligopoly are independent of one another, much like competitive firms.

4. 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 increases advertising to boost brand awareness.
B) A firm lowers prices to gain market share.
C) A firm introduces a new product due to consumer trends.
D) A multinational relocates production after a minimum wage increase.

5. What are common types of barriers to entry that can cause a monopoly? (Choose TWO.)

A) Elastic demand curves
B) Government regulations granting exclusive production rights
C) Economies of scale in the production process
D) Employee unions
E) Government regulations prohibiting foreign investment
F) A firm purchasing competitors

Solutions: