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WGU Global-Economics-for-Managers Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Foreign Direct Investment and Global Strategy | 20% | - Foreign Direct Investment (FDI)
|
| Macroeconomics for Managers | 10% | - Economic Indicators and Policies
|
| International Trade Theory and Policy | 25% | - Trade Policies and Barriers
|
| Foundations of Global Economics | 20% | - Economic Systems and Institutions
|
| Global Finance and Monetary Systems | 25% | - Balance of Payments and International Monetary System
|
WGU Global Economics for Managers (C211, UZC2) Sample Questions:
What is the definition of marginal cost?
- A. The total cost divided by total output
- B. The opportunity cost of capital
- C. The increase in cost that arises from producing an additional unit of output
- D. The fixed cost of production
Explanation: Only visible for Test4Engine members. You can sign-up / login (it's free).
When supply increases and demand stays the same, what happens to the equilibrium point of price and quantity?
- A. Price increases
- B. Quantity decreases
- C. Price remains the same
- D. Quantity increases
Explanation: Only visible for Test4Engine members. You can sign-up / login (it's free).
An import tariff is implemented on apples. What is the effect on domestic government revenue?
- A. It decreases
- B. It remains unchanged
- C. It becomes negative
- D. It increases
Explanation: Only visible for Test4Engine members. You can sign-up / login (it's free).
What are represented by informal institutions?
- A. Ethics
- B. Rules
- C. Written laws
- D. Regulations
Explanation: Only visible for Test4Engine members. You can sign-up / login (it's free).
What is one of the OLI advantages outlined by John Dunning for why firms become multinational enterprises by engaging in foreign direct investment?
- A. Ownership advantages
- B. Location advantages
- C. Internalization advantages
- D. Competitive neutrality
Explanation: Only visible for Test4Engine members. You can sign-up / login (it's free).
