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

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

1. Which characteristics are attributed to a democracy? (Choose THREE.)

A) It contains political risk that is lower than in other political systems.
B) It prizes freedom of expression and organization.
C) It concentrates power in a single ruling party.
D) It prohibits private ownership.
E) It extends the right to organize economically to domestic and foreign firms.

2. What is an example of a company that is market-seeking?

A) A company searching for a location where the cost of unskilled labor is low
B) A company searching for a location where there is a high interest in camping supplies
C) A company searching for a location where rocks and minerals can be mined
D) A company searching for a location where a specific type of plastic is low-cost and readily available

3. When supply decreases and demand stays the same, what happens to the equilibrium point of price and quantity? Choose two answers.

A) Price increases.
B) Quantity remains the same.
C) Quantity increases.
D) Price decreases.
E) Price remains the same.
F) Quantity decreases.

4. The marginal revenue from producing a smartphone is $200, and the marginal cost is $150. What is the best action for the firm?

A) Exit the market altogether
B) Increase production
C) Decrease production
D) Pause production

5. Which methods does the Federal Reserve use to alter reserve quantities? Choose three answers.

A) Selling bonds
B) Raising income tax rates
C) Raising inflation
D) Selling stock shares
E) Raising the discount rate
F) Buying bonds

Solutions: