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

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

1. Which statement about consumer surplus is true?

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

2. Who are the primary and largest participants in the foreign exchange market?

A) Large international banks
B) Individual currency traders
C) Multinational manufacturing firms
D) Central banks

3. What is an example of goods that tend to have negative cross-price elasticities?

A) Inferior goods
B) Luxury goods
C) Complements
D) Substitutes

4. What is a characteristic of a market economy?

A) Factors of production are government-owned or state-owned.
B) It found a near ideal in China and the former Soviet Union during the heydays of communism.
C) It is defined by a government taking the authoritative role in the economy.
D) The government takes a hands-off approach known as laissez-faire.

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

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

Solutions: