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WGU Global-Economics-for-Managers Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| International Trade Theory and Policy | 25% | - Trade Policies and Barriers
|
| Foundations of Global Economics | 20% | - Views on Globalization
|
| Macroeconomics for Managers | 10% | - Economic Indicators and Policies
|
| Foreign Direct Investment and Global Strategy | 20% | - Foreign Direct Investment (FDI)
|
| Global Finance and Monetary Systems | 25% | - Foreign Exchange Markets
|
WGU Global Economics for Managers (C211, UZC2) Sample Questions:
Question #1
Which phrase best describes property rights?
A. The legal rights regarding the use of an economic resource and for deriving income and benefits from it.
B. The exclusive legal rights of authors and publishers to publish and disseminate their works.
C. The legal rights awarded by government authorities to inventors of new products or processes.
D. The exclusive legal rights of firms to use specific names, brands, and designs to differentiate their products from others.
Question #2
What measures how the quantity demanded of one good responds to a change in the price of another good?
A. Equilibrium elasticity of demand
B. Price elasticity of demand
C. Quantity elasticity of demand
D. Cross-price elasticity of demand
Question #3
What is true about gross domestic product (GDP)?
A. It is thought to be the single best measure of a society's economic well-being.
B. It includes the income of citizens working abroad.
C. Its year-to-year percentage change represents the inflation rate.
D. It places heavier weight on intangible services than tangible goods.
Question #4
Which pillar of formal institutions represents the coercive power of governments?
A. Cognitive
B. Regulatory
C. Normative
D. Cultural
Question #5
Which strategy for responding to multinational enterprises is appropriate in a situation in which there is low industry pressure to globalize and competitive assets are customized to home markets?
A. Contender strategy
B. Defender strategy
C. Responder strategy
D. Retainer strategy
Solutions:
| Question #1 Correct Answer: A | Question #2 Correct Answer: D | Question #3 Correct Answer: A | Question #4 Correct Answer: B | Question #5 Correct Answer: B |
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