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WGU Global-Economics-for-Managers Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Macroeconomic Environment | - Fiscal and monetary policy - GDP, inflation, and unemployment |
| Foundations of Economics | - Scarcity, opportunity cost, and economic reasoning - Market systems and economic models |
| Microeconomics for Managers | - Market structures and competition - Elasticity and pricing decisions - Supply and demand analysis |
| Managerial Economic Decision-Making | - Cost-benefit analysis in business contexts - Risk and uncertainty in global markets |
| Global Economics | - Exchange rates and currency systems - International trade and comparative advantage - Global economic institutions and trade policy |
WGU Global Economics for Managers (C211, UZC2) Sample Questions:
When is it best for a firm to decrease production?
- A. When the price of a unit covers the average variable cost after a short-term stop.
- B. When marginal cost is greater than marginal revenue.
- C. When total revenue is greater than total cost.
- D. When the average variable cost is less than the price of a unit after a short-term stop.
Correct Answer: B 🗳️
Explanation: Only visible for ExamTorrent members. You can sign-up / login (it's free).
Which statement about the GDP deflator is true?
- A. Its percentage change from one year to the next is the inflation rate.
- B. It follows a nearly strict decreasing pattern from a base year.
- C. It includes fewer core economic measurements than GDP.
- D. It is a more reliable indicator of economic well-being than real GDP.
Correct Answer: A 🗳️
What is the definition of marginal cost?
- A. The fixed cost of production
- B. The opportunity cost of capital
- C. The increase in cost that arises from producing an additional unit of output
- D. The total cost divided by total output
Correct Answer: C 🗳️
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Which quantity measures the market value of all final goods and services produced within a country in a given period of time?
- A. Net domestic product (NDP)
- B. National disposable income
- C. Gross national income (GNI)
- D. Gross domestic product (GDP)
Correct Answer: D 🗳️
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Which transaction is included in the consumption component of GDP?
- A. A company exports automobiles
- B. A government builds a highway
- C. A person pays for a haircut
- D. A firm purchases new machinery
Correct Answer: C 🗳️
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