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

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

1. What is a feature of a democracy?

A) It can and often does lead to nationalization, or expropriation, of foreign assets.
B) It often results in higher risk associated with political changes that may negatively impact domestic and foreign firms.
C) It delegates absolute political control over the population to one person or party.
D) It gives citizens the right to elect representatives to govern on their behalf.

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

3. Which changes increase demand? (Choose TWO.)

A) An increase in the price of a substitute
B) A decrease in consumer income for a normal good
C) A decrease in the price of a complement
D) An increase in the price of the good itself

4. What is true about gross domestic product (GDP)?

A) It places heavier weight on intangible services than tangible goods.
B) It is thought to be the single best measure of a society's economic well-being.
C) It includes the income of citizens working abroad.
D) Its year-to-year percentage change represents the inflation rate.

5. Which statement about the GDP deflator is true?

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

Solutions: