WGU Global Economics for Managers (C211, UZC2): Global-Economics-for-Managers Exam


"WGU Global Economics for Managers (C211, UZC2)", also known as Global-Economics-for-Managers exam, is a WGU Certification. With the complete collection of questions and answers, PrepAwayPDF has assembled to take you through 136 Q&As to your Global-Economics-for-Managers Exam preparation. In the Global-Economics-for-Managers exam resources, you will cover every field and category in Courses and Certificates Certification helping to ready you for your successful WGU Certification.

  • Exam Code: Global-Economics-for-Managers
  • Exam Name: WGU Global Economics for Managers (C211, UZC2)
  • Total Questions: 136

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

SectionObjectives
Foundations of Economics- Market systems and economic models
- Scarcity, opportunity cost, and economic reasoning
Global Economics- International trade and comparative advantage
- Global economic institutions and trade policy
- Exchange rates and currency systems
Microeconomics for Managers- Market structures and competition
- Elasticity and pricing decisions
- Supply and demand analysis
Macroeconomic Environment- Fiscal and monetary policy
- GDP, inflation, and unemployment
Managerial Economic Decision-Making- Cost-benefit analysis in business contexts
- Risk and uncertainty in global markets

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

What are characteristics of a market economy? (Choose TWO.)

  • A. Supply, demand, and pricing are planned by the government.
  • B. Factors of production are government-owned or state-owned.
  • C. It is defined by a government taking the authoritative role in the economy.
  • D. It was first noted by Adam Smith in The Wealth of Nations in 1776.
  • E. It is characterized by the "invisible hand" of market forces.
  • F. It found a near ideal in China and the former Soviet Union during communism.
Reveal Solution  Discussion  0

Correct Answer: D,E  🗳️

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What is one characteristic of a market surplus?

  • A. Quantity supplied exceeds quantity demanded
  • B. There is upward pressure on price
  • C. Price is below equilibrium
  • D. Quantity demanded exceeds quantity supplied
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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How does the Federal Reserve lower the federal funds rate?

  • A. By purchasing government bonds
  • B. By raising reserve requirements
  • C. By increasing taxes
  • D. By selling government bonds
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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What are common types of barriers to entry that can cause a monopoly? (Choose TWO.)

  • A. Economies of scale in the production process
  • B. Free entry and exit
  • C. Elastic demand
  • D. A single firm owning a key resource
  • E. Perfect information
Reveal Solution  Discussion  0

Correct Answer: A,D  🗳️

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In an oligopoly with an initial agreement to maximize total profit, which statements might a firm motivated by self-interest likely make? (Choose THREE.)

  • A. "If my fellow firms fail to live up to the agreement and raise production, I am better off raising production myself."
  • B. "I should always cooperate, regardless of outcomes."
  • C. "I am better off reducing output below the agreed level."
  • D. "If my fellow firms live up to the agreement, I am better off raising production."
  • E. "Regardless of what my fellow firms do, I am better off raising production beyond the agreed-to level."
Reveal Solution  Discussion  0

Correct Answer: A,D,E  🗳️

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