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

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

1. What measures how the quantity demanded of one good responds to a change in the price of another good?

A) Equilibrium elasticity of demand
B) Quantity elasticity of demand
C) Price elasticity of demand
D) Cross-price elasticity of demand

2. What is one of the elements of the Porter Diamond in the theory of national competitive advantage of industries?

A) Firm opportunity costs
B) Foreign supply markets
C) Domestic demand conditions
D) Trade deficits

3. What is a characteristic of a market economy?

A) The government takes a hands-off approach known as laissez-faire.
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) Factors of production are government-owned or state-owned.

4. Which phrase best describes property rights?

A) The legal rights regarding the use of an economic resource and for deriving income and benefits from it.
B) The legal rights awarded by government authorities to inventors of new products or processes.
C) The exclusive legal rights of firms to use specific names, brands, and designs to differentiate their products from others.
D) The exclusive legal rights of authors and publishers to publish and disseminate their works.

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

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

Solutions: