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

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

Question 1

The benefit attributed to firms that enter a market before other firms in the same market segment is best described by which term?

A. Competitive neutrality
B. Late-mover advantage
C. Economies of scope
D. First-mover advantage

Question 2

Which statement about consumer surplus is true?

A. It represents government revenue
B. It measures total production efficiency
C. It measures the well-being of sellers
D. It is a good measure of economic well-being if policymakers want to satisfy buyers' preferences

Question 3

An institution-based view of global business focuses on the specific relationship between which two entities?

A. Firms and governments
B. Customers and firms
C. Customers and institutions
D. Firms and institutions

Question 4

How does the Federal Reserve lower the federal funds rate?

A. By purchasing government bonds
B. By increasing taxes
C. By selling government bonds
D. By raising reserve requirements

Question 5

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

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

Solutions: