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WGU Global-Economics-for-Managers Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Macroeconomic Environment | - GDP, inflation, and unemployment - Fiscal and monetary policy |
| Microeconomics for Managers | - Supply and demand analysis - Market structures and competition - Elasticity and pricing decisions |
| Global Economics | - Exchange rates and currency systems - International trade and comparative advantage - Global economic institutions and trade policy |
| Managerial Economic Decision-Making | - Cost-benefit analysis in business contexts - Risk and uncertainty in global markets |
| Foundations of Economics | - Market systems and economic models - Scarcity, opportunity cost, and economic reasoning |
WGU Global Economics for Managers (C211, UZC2) Sample Questions:
What is a tariff levied on imports that are selling below cost in order to unfairly drive domestic firms out of business?
- A. Antidumping duty
- B. Opportunity cost
- C. Factor endowment
- D. Deadweight cost
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Which scenario demonstrates a monopoly created by a resource?
- A. A software company copyrights the code for new software.
- B. A new rare jewel is found, and only one mine in the world has it.
- C. An author copyrights a new book.
- D. A bridge is so infrequently used that it has a large fixed cost and negligible marginal cost.
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A country has experienced a decrease in inflation. What is the effect on the country's currency exchange rate?
- A. It has no effect
- B. It increases
- C. It depreciates
- D. It becomes unstable
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What is one of the three primary strategies that nonfinancial companies use to cope with currency risks?
- A. Using foreign dealers for their goods
- B. Strategic hedging
- C. Reducing currency liabilities
- D. Keeping low inventories
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What is an example of a transaction accounted for in the net exports component of GDP?
- A. A person buys a car from a different country.
- B. A member of Congress is paid a salary.
- C. A couple buys a new house.
- D. A person buys food.
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