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

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

1. What is true about tariffs?

A) They lower the price of affected imported goods below the world price.
B) They encourage consumers to reduce their consumption.
C) They increase the domestic quantity demanded.
D) They increase the quantity of imports.

2. What are features shared by monopolies and perfect competition? (Choose TWO.)

A) Price is greater than marginal cost.
B) In the long run, new firms can easily enter the market.
C) Maximum profit occurs when marginal revenue equals marginal cost.
D) The structure does not produce the welfare-maximizing level of output.
E) In the long run, it is nearly impossible for new firms to enter.
F) Firms earn economic profits in the short run.

3. What is true about tariffs?

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

4. When the Federal Reserve decreases the money supply, what is the result?

A) The aggregate demand for imports increases.
B) The quantity of goods and services demanded for any given price decreases.
C) The efficiency of market corrections is reduced.
D) The quantity of goods and services demanded for one specific price increases.

5. Which statement describes one of the three views of globalization?

A) Globalization is a long-awaited solution to worldwide problems.
B) Globalization is an invested agreement to prevent international wars.
C) Globalization is a threat to product quality and technological innovation.
D) Globalization is a new force sweeping through the world in recent times.

Solutions: