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

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

1. What is one of the three primary strategies that nonfinancial companies use to cope with currency risks?

A) Reducing currency liabilities
B) Keeping low inventories
C) Strategic hedging
D) Using foreign dealers for their goods

2. What are weaknesses of the theory of mercantilism? (Choose TWO.)

A) The theory emphasizes comparative advantage.
B) The theory leads to inefficient allocation of resources.
C) The theory promotes free trade.
D) Application of the theory reduces national wealth in the long run.
E) The theory encourages specialization and productivity growth.

3. Which goods have a positive cross-price elasticity?

A) Normal goods
B) Shortage goods
C) Complements
D) Substitutes

4. When supply increases and demand stays the same, what happens to the equilibrium point of price and quantity?

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

5. Costs that do not vary with output quantity divided by the quantity of output is best described by which term?

A) Average fixed cost
B) Marginal cost
C) Average variable cost
D) Total cost

Solutions: