Exam Name: WGU Global Economics for Managers (C211, UZC2)
Certification Provider: WGU
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WGU Global-Economics-for-Managers Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Global Economics | - Exchange rates and currency systems - Global economic institutions and trade policy - International trade and comparative advantage |
| Microeconomics for Managers | - Elasticity and pricing decisions - Supply and demand analysis - Market structures and competition |
| Foundations of Economics | - Scarcity, opportunity cost, and economic reasoning - Market systems and economic models |
| Managerial Economic Decision-Making | - Cost-benefit analysis in business contexts - Risk and uncertainty in global markets |
| Macroeconomic Environment | - GDP, inflation, and unemployment - Fiscal and monetary policy |
WGU Global Economics for Managers (C211, UZC2) Sample Questions:
Which effect does increased government spending have on aggregate demand if the multiplier effect is greater than the crowding-out effect?
- A. Aggregate demand decreases by more than the increase in government spending.
- B. Aggregate demand increases by less than the increase in government spending.
- C. Aggregate demand increases by more than the increase in government spending.
- D. Aggregate demand decreases by less than the increase in government spending.
Correct Answer: C 🗳️
Explanation: Only visible for TestKingFree members. You can sign-up / login (it's free).
What does producer surplus measure?
- A. The benefit buyers receive from participating in a market
- B. The difference between the number of available goods and desired goods
- C. The benefit sellers receive from participating in a market
- D. The economic well-being of a society
Correct Answer: C 🗳️
Explanation: Only visible for TestKingFree members. You can sign-up / login (it's free).
Which term best describes a market structure of limited competition in which the market is shared by a small number of sellers?
- A. Monopoly
- B. Perfect competition
- C. Monopolistic competition
- D. Oligopoly
Correct Answer: D 🗳️
Explanation: Only visible for TestKingFree members. You can sign-up / login (it's free).
The formula "fixed costs (FC) + variable costs (VC)" represents which quantity?
- A. Marginal cost
- B. Implicit cost
- C. Average cost
- D. Total cost
Correct Answer: D 🗳️
Explanation: Only visible for TestKingFree members. You can sign-up / login (it's free).
Which system has elements of a market economy and a command economy?
- A. Mixed economy
- B. Market-command economy
- C. Fair economy
- D. Compromise economy
Correct Answer: A 🗳️
Explanation: Only visible for TestKingFree members. You can sign-up / login (it's free).
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