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WGU Global-Economics-for-Managers Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Competency 1: International Trade and Currency Exchange | - Introduction to International Trade Theories - Impact of Interest Rates on Financial Flows and Exchange Rates - Currency Exchange Rate Determination |
| Topic 2: Competency 2: Political and Economic Forces | - Market Economy vs. Command Economy - Property Rights and the Rule of Law |
| Topic 3: Competency 3: Economic Decision-Making by Firms and Customers | - Consumer Behavior (Budget Constraint, Indifference Curves) - Firm Behavior Under Different Market Structures (Perfect Competition, Monopoly, Oligopoly) |
| Topic 4: Key Topics Across All Competencies | - International Trade Policies (Tariffs, Quotas) - Global Business Strategies and Porter's Framework - Currency Appreciation and Depreciation - Foreign Direct Investment (FDI) Impacts - Supply and Demand Shifts - Elastic vs. Inelastic Goods |
WGU Global Economics for Managers (C211, UZC2) Sample Questions:
Point A is on the same indifference curve as Point B. What can be said about the points?
- A. Point A represents a bundle that costs more than Point B.
- B. The consumer prefers bundle A over bundle B.
- C. Point B represents a bundle that costs more than Point A.
- D. The consumer's preference for bundle A is the same as for bundle B.
Correct Answer: D 🗳️
Explanation: Only visible for PassSureExam members. You can sign-up / login (it's free).
What is one of the three primary strategies that nonfinancial companies use to cope with currency risks?
- A. Reducing currency liabilities
- B. Strategic hedging
- C. Keeping low inventories
- D. Using foreign dealers for their goods
Correct Answer: B 🗳️
Explanation: Only visible for PassSureExam members. You can sign-up / login (it's free).
Managers and firms rationally pursue their interests and make choices within institutional constraints.
Which situation illustrates this proposition of the institution-based view of global business?
- A. A multinational relocates production after a minimum wage increase.
- B. A firm lowers prices to gain market share.
- C. A firm increases advertising to boost brand awareness.
- D. A firm introduces a new product due to consumer trends.
Correct Answer: A 🗳️
Explanation: Only visible for PassSureExam members. You can sign-up / login (it's free).
Which statement is a description of theocratic law?
- A. It is a legal system that is shaped by precedents and traditions from previous judicial decisions.
- B. It is a legal system based on religious teachings and dogma.
- C. It is a legal system that is the oldest, most influential, and most widely distributed in the world.
- D. It is a legal system that uses comprehensive statutes and codes as a primary means to form legal judgments.
Correct Answer: B 🗳️
Explanation: Only visible for PassSureExam members. You can sign-up / login (it's free).
In which mode of entry do companies build new factories and offices from scratch?
- A. Direct exports
- B. Greenfield operations
- C. Joint ventures
- D. Co-marketing operations
Correct Answer: B 🗳️
Explanation: Only visible for PassSureExam members. You can sign-up / login (it's free).
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