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WGU Global-Economics-for-Managers Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Competency 2: Political and Economic Forces | - Property Rights and the Rule of Law - Market Economy vs. Command Economy |
| Topic 2: Competency 1: International Trade and Currency Exchange | - Impact of Interest Rates on Financial Flows and Exchange Rates - Currency Exchange Rate Determination - Introduction to International Trade Theories |
| Topic 3: Key Topics Across All Competencies | - Foreign Direct Investment (FDI) Impacts - Elastic vs. Inelastic Goods - Global Business Strategies and Porter's Framework - International Trade Policies (Tariffs, Quotas) - Supply and Demand Shifts - Currency Appreciation and Depreciation |
| Topic 4: Competency 3: Economic Decision-Making by Firms and Customers | - Firm Behavior Under Different Market Structures (Perfect Competition, Monopoly, Oligopoly) - Consumer Behavior (Budget Constraint, Indifference Curves) |
WGU Global Economics for Managers (C211, UZC2) Sample Questions:
Question #1
What are properties of a typical indifference curve? (Choose TWO.)
A. Indifference curves do not cross.
B. Higher indifference curves are preferred to lower ones.
C. Indifference curves slope upward.
D. Indifference curves can intersect.
Question #2
Who are the primary and largest participants in the foreign exchange market?
A. Multinational manufacturing firms
B. Central banks
C. Individual currency traders
D. Large international banks
Question #3
An institution-based view of global business focuses on the specific relationship between which two entities?
A. Firms and institutions
B. Customers and firms
C. Customers and institutions
D. Firms and governments
Question #4
What happens when the Federal Reserve increases the money supply?
A. The aggregate supply curve shifts to the right
B. The aggregate supply curve shifts to the left
C. The aggregate demand curve shifts to the left
D. The aggregate demand curve shifts to the right
Question #5
When confronting MNEs, the extender strategy centers on what?
A. Cooperating through joint ventures (JVs) with MNEs and sell-offs to MNEs
B. Leveraging homegrown competencies abroad
C. Leveraging local assets in areas in which MNEs are weak
D. Engaging in rapid learning and then expanding overseas
Solutions:
| Question #1 Correct Answer: A,B | Question #2 Correct Answer: D | Question #3 Correct Answer: A | Question #4 Correct Answer: D | Question #5 Correct Answer: B |
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