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

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

1. 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 the average variable cost is less than the price of a unit after a short-term stop.
D) When total revenue is greater than total cost.

2. What is true about gross domestic product (GDP)?

A) It includes the income of citizens working abroad.
B) It places heavier weight on intangible services than tangible goods.
C) Its year-to-year percentage change represents the inflation rate.
D) It is thought to be the single best measure of a society's economic well-being.

3. What is the definition of globalization?

A) The achievement of a one-world market for goods and services
B) The spread of regulatory influence to a greater pool of subjects
C) The development of custom products for each segment of a population
D) The close integration of countries and peoples of the world

4. What are examples of fixed costs? (Choose TWO.)

A) Monthly internet cost in a women's apparel business
B) Cost of parts in computer manufacturing
C) A $1,000 state license fee to operate a shop
D) Cost of flour in bread production
E) Sales commissions

5. Which phrase best describes property rights?

A) The legal rights awarded by government authorities to inventors of new products or processes.
B) The legal rights regarding the use of an economic resource and for deriving income and benefits from it.
C) The exclusive legal rights of firms to use specific names, brands, and designs to differentiate their products from others.
D) The exclusive legal rights of authors and publishers to publish and disseminate their works.

Solutions: