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

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

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

1. Which statement characterizes an institution-based view of global business?

A) Firm behaviors are the outcome of interactions between institutions and firms.
B) Institutions, not firms, are the sole factor in explaining individual behavior.
C) Financial motivations are excluded from consideration in explaining the interactions between institutions and firms.
D) Government regulations are the primary driver of institutional change.

2. A country has experienced a decrease in inflation. What is the effect on the country's currency exchange rate?

A) It becomes unstable
B) It depreciates
C) It has no effect
D) It increases

3. If the demand for a good is inelastic, what is true?

A) Quantity demanded responds only slightly to price changes
B) Consumers are highly sensitive to price changes
C) Quantity demanded responds substantially to price changes
D) Price and total revenue move in opposite directions

4. What is a tariff levied on imports that are selling below cost in order to unfairly drive domestic firms out of business?

A) Deadweight cost
B) Antidumping duty
C) Opportunity cost
D) Factor endowment

5. Which system has elements of a market economy and a command economy?

A) Fair economy
B) Compromise economy
C) Market-command economy
D) Mixed economy

Solutions: