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

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

1. What is an example of a transaction accounted for in the net exports component of GDP?

A) A person buys food.
B) A person buys a car from a different country.
C) A couple buys a new house.
D) A member of Congress is paid a salary.

2. What is a characteristic of a market economy?

A) It is defined by a government taking the authoritative role in the economy.
B) Factors of production are government-owned or state-owned.
C) The government takes a hands-off approach known as laissez-faire.
D) It found a near ideal in China and the former Soviet Union during the heydays of communism.

3. What is one example of something a copyright is used to protect?

A) The shape of a new invention
B) The design of a logo
C) The name of a brand
D) The content of a book

4. What is an example of goods that tend to have negative cross-price elasticities?

A) Complements
B) Luxury goods
C) Inferior goods
D) Substitutes

5. The benefit attributed to firms that enter a market before other firms in the same market segment is best described by which term?

A) First-mover advantage
B) Late-mover advantage
C) Economies of scope
D) Competitive neutrality

Solutions: