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

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

1. 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) The primary purpose of establishing property rights is to provide economic benefit to society as a whole.
C) Insecure property rights bode well in global competition where firms benefit from economies of scale and sustained R & D.
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) Securing property rights results in industries that employ little fixed capital and avoid long-term investment.

2. What are key features of an oligopoly? (Choose THREE.)

A) There are a few sellers.
B) Firms in an oligopoly are interdependent in ways competitive firms are not.
C) There is little motivation for cooperation between firms.
D) The actions of any one seller can have a large impact on the profits of other sellers.
E) Firms are independent of one another, like competitive firms.
F) The actions of any one seller have little impact on others' profits.

3. Which factors increase a country's currency exchange value? Choose two answers.

A) A rise in the interest rate
B) A fall in productivity
C) A rise in inflation
D) Political unrest
E) A rise in productivity
F) A fall in population

4. When supply increases and demand stays the same, what happens to the equilibrium point of price and quantity?

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

5. An institution-based view of global business focuses on the specific relationship between which two entities?

A) Firms and governments
B) Customers and institutions
C) Firms and institutions
D) Customers and firms

Solutions: