WGU Global Economics for Managers (C211, UZC2) : Global-Economics-for-Managers

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

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

Question 1

What are examples of regulatory pillars? (Choose TWO.)

A. Coasting through stop signs because it is common
B. Reporting a crime because it is against the law to withhold information
C. Refusing military service because of pacifist beliefs
D. Paying parking tickets out of fear of a suspended driver's license
E. Stealing office supplies because most colleagues are doing the same thing
F. Investing in foreign currencies because others view it as safe

Question 2

What is true about tariffs?

A. They eliminate deadweight loss
B. They lower domestic prices below world prices
C. They allow the government to raise revenue
D. They increase consumer surplus

Question 3

What is a characteristic of a market economy?

A. It is in place in most of the world's countries.
B. It leaves the planning of supply, demand, and pricing to the government.
C. It gives the government the primary authoritative role in the economy.
D. It emphasizes private ownership of all factors of production.

Question 4

What are characteristics of a market economy? (Choose TWO.)

A. Factors of production are government-owned or state-owned.
B. It was first noted by Adam Smith in The Wealth of Nations in 1776.
C. It is characterized by the "invisible hand" of market forces.
D. It found a near ideal in China and the former Soviet Union during communism.
E. It is defined by a government taking the authoritative role in the economy.
F. Supply, demand, and pricing are planned by the government.

Question 5

Which scenario most likely describes a late mover?

A. A company faces fewer market uncertainties.
B. A company makes preemptive investments.
C. A company is able to erect significant barriers for other entrants.
D. A company gains advantage through proprietary technology.

Solutions: