WGU Global-Economics-for-Managers Test Passed : 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 situation illustrates the proposition that when formal constraints are unclear or fail, informal constraints play a larger role in reducing uncertainty and providing constancy to firms?

A) Choosing a headquarters location based on cost of living, airports, and tax credits
B) Firms relocating overseas due to a new domestic tax policy
C) Firms entering gray markets due to high taxes
D) A firm follows strict environmental practices despite lax local laws

2. Which statement is true for a monopoly firm, but not for a competitive firm?

A) The marginal revenue is less than its price.
B) The marginal revenue equals the price.
C) Economic profit is zero in the long run.
D) The firm is a price taker.

3. In which mode of entry do companies build new factories and offices from scratch?

A) Greenfield operations
B) Joint ventures
C) Direct exports
D) Co-marketing operations

4. What does the Federal Reserve do to expand aggregate demand? (Choose TWO.)

A) Reduce the quantity of reserves
B) Decrease the money supply
C) Increase the money supply
D) Raise mortgage rates
E) Increase the foreign exchange rate
F) Lower the interest rate

5. Which statement about the GDP deflator is true?

A) It is a more reliable indicator of economic well-being than real GDP.
B) It follows a nearly strict decreasing pattern from a base year.
C) It includes fewer core economic measurements than GDP.
D) Its percentage change from one year to the next is the inflation rate.

Solutions: