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

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

1. Which statement is true for a monopoly firm, but not for a competitive firm?

A) The marginal revenue equals the price.
B) The firm is a price taker.
C) Economic profit is zero in the long run.
D) The marginal revenue is less than its price.

2. When supply decreases and demand stays the same, what happens to the equilibrium point of price and quantity? Choose two answers.

A) Price decreases.
B) Quantity remains the same.
C) Price remains the same.
D) Price increases.
E) Quantity increases.
F) Quantity decreases.

3. What is one benefit of small-scale entries into foreign markets?

A) They give complete equity and operational control.
B) They demonstrate a strategic commitment to certain markets.
C) They present easy opportunities to build market share.
D) They focus on learning by doing while limiting the downside risk.

4. Institutions exist to reduce uncertainty. An institutional framework is made up of two types of systems.
What are the systems? (Choose TWO.)

A) Personal
B) Cognitive
C) Firm
D) Formal
E) Informal
F) Normative

5. Managers and firms rationally pursue their interests and make choices within institutional constraints.
Which situation illustrates this proposition of the institution-based view of global business?

A) A firm increases advertising to boost brand awareness.
B) A firm introduces a new product due to consumer trends.
C) A multinational relocates production after a minimum wage increase.
D) A firm lowers prices to gain market share.

Solutions: