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.
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WGU Global-Economics-for-Managers Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| 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.
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
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
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
Correct Answer: A,D 🗳️
Explanation: Only visible for PrepAwayPDF members. You can sign-up / login (it's free).
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."
Correct Answer: A,D,E 🗳️
Explanation: Only visible for PrepAwayPDF members. You can sign-up / login (it's free).
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