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WGU Global-Economics-for-Managers Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Competency 3: Economic Decision-Making by Firms and Customers | - Consumer Behavior (Budget Constraint, Indifference Curves) - Firm Behavior Under Different Market Structures (Perfect Competition, Monopoly, Oligopoly) |
| Topic 2: Key Topics Across All Competencies | - International Trade Policies (Tariffs, Quotas) - Global Business Strategies and Porter's Framework - Elastic vs. Inelastic Goods - Currency Appreciation and Depreciation - Foreign Direct Investment (FDI) Impacts - Supply and Demand Shifts |
| Topic 3: Competency 2: Political and Economic Forces | - Market Economy vs. Command Economy - Property Rights and the Rule of Law |
| Topic 4: Competency 1: International Trade and Currency Exchange | - Introduction to International Trade Theories - Impact of Interest Rates on Financial Flows and Exchange Rates - Currency Exchange Rate Determination |
WGU Global Economics for Managers (C211, UZC2) Sample Questions:
Which methods does the Federal Reserve use to alter reserve quantities? Choose three answers.
- A. Selling stock shares
- B. Raising inflation
- C. Raising income tax rates
- D. Buying bonds
- E. Raising the discount rate
- F. Selling bonds
Correct Answer: D,E,F 🗳️
Explanation: Only visible for Prep4sureExam members. You can sign-up / login (it's free).
What is an example of a transaction accounted for in the net exports component of GDP?
- A. A couple buys a new house.
- B. A person buys food.
- C. A member of Congress is paid a salary.
- D. A person buys a car from a different country.
Correct Answer: D 🗳️
Explanation: Only visible for Prep4sureExam members. You can sign-up / login (it's free).
When the Federal Reserve decreases the money supply, what is the result?
- A. The efficiency of market corrections is reduced.
- B. The quantity of goods and services demanded for any given price decreases.
- C. The quantity of goods and services demanded for one specific price increases.
- D. The aggregate demand for imports increases.
Correct Answer: B 🗳️
Explanation: Only visible for Prep4sureExam members. You can sign-up / login (it's free).
Which statements concerning property rights are true? (Choose TWO.)
- A. Protection of property rights is commonly recognized as a major factor in allowing developing countries to make gains toward economic progress.
- B. Insecure property rights bode well in global competition where firms benefit from economies of scale and sustained R & D.
- C. Securing property rights results in industries that employ little fixed capital and avoid long-term investment.
- D. Developing countries can achieve economic growth even without securing property rights.
- E. Property rights are the legal rights regarding the use of an economic resource and for deriving income and benefits from it.
- F. The primary purpose of establishing property rights is to provide economic benefit to society as a whole.
Correct Answer: A,E 🗳️
Explanation: Only visible for Prep4sureExam members. You can sign-up / login (it's free).
What is one characteristic of a market surplus?
- A. Quantity demanded exceeds quantity supplied
- B. There is upward pressure on price
- C. Quantity supplied exceeds quantity demanded
- D. Price is below equilibrium
Correct Answer: C 🗳️
Explanation: Only visible for Prep4sureExam members. You can sign-up / login (it's free).
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