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WGU Global-Economics-for-Managers Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Macroeconomic Environment | - Fiscal and monetary policy - GDP, inflation, and unemployment |
| Managerial Economic Decision-Making | - Risk and uncertainty in global markets - Cost-benefit analysis in business contexts |
| Global Economics | - International trade and comparative advantage - Exchange rates and currency systems - Global economic institutions and trade policy |
| Microeconomics for Managers | - Market structures and competition - Elasticity and pricing decisions - Supply and demand analysis |
| Foundations of Economics | - Scarcity, opportunity cost, and economic reasoning - Market systems and economic models |
WGU Global Economics for Managers (C211, UZC2) Sample Questions:
Question 1
What happens when the Federal Reserve increases the money supply?
A. The aggregate supply curve shifts to the right
B. The aggregate demand curve shifts to the left
C. The aggregate demand curve shifts to the right
D. The aggregate supply curve shifts to the left
Question 2
The marginal revenue from producing a smartphone is $200, and the marginal cost is $150. What is the best action for the firm?
A. Pause production
B. Increase production
C. Exit the market altogether
D. Decrease production
Question 3
What is one of the three primary types of foreign exchange transactions?
A. Straddles
B. Hedges
C. Forward transactions
D. Balanced transactions
Question 4
Which statement is true for a monopoly firm, but not for a competitive firm?
A. The firm is a price taker.
B. Economic profit is zero in the long run.
C. The marginal revenue is less than its price.
D. The marginal revenue equals the price.
Question 5
When is it best for a firm to increase production?
A. When marginal cost exceeds marginal revenue
B. When average cost is minimized
C. When total revenue is maximized
D. When marginal revenue is greater than marginal cost
Solutions:
| Question 1 Answer: C | Question 2 Answer: B | Question 3 Answer: C | Question 4 Answer: C | Question 5 Answer: D |
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