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WGU Global-Economics-for-Managers Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Microeconomics for Managers | - Market structures and competition - Elasticity and pricing decisions - Supply and demand analysis |
| Global Economics | - International trade and comparative advantage - Global economic institutions and trade policy - Exchange rates and currency systems |
| Foundations of Economics | - Scarcity, opportunity cost, and economic reasoning - Market systems and economic models |
| Managerial Economic Decision-Making | - Risk and uncertainty in global markets - Cost-benefit analysis in business contexts |
| Macroeconomic Environment | - GDP, inflation, and unemployment - Fiscal and monetary policy |
WGU Global Economics for Managers (C211, UZC2) Sample Questions:
1. A shopper purchases a shirt for $17 but was willing to pay $25. What does this indicate?
A) The consumer surplus is $25.
B) The producer surplus is $17.
C) The consumer surplus is $8.
D) The producer surplus is $25.
2. In a monopoly, which statements are likely true? (Choose TWO.)
A) One seller offers a unique good with no close substitutes
B) Entry is free in the long run
C) There are barriers to entry into the market
D) Firms are price takers
E) Marginal revenue equals price
3. Which statement best summarizes the overall economic effect of tariffs?
A) They transfer surplus from consumers to producers and the government
B) They eliminate inefficiencies in global trade
C) They benefit consumers more than producers
D) They increase total economic surplus
4. Which statement about Federal Reserve lending to banks is true?
A) Fed lending to banks follows an overall uptrend.
B) Banks pay the discount rate when borrowing funds from the Fed.
C) Banks set consumer interest rates at the discount rate.
D) The discount rate is changed annually.
5. What is true about forward transactions?
A) They allow traders to sell currency holdings at an exchange rate in the past.
B) They are the classic single-shot exchange of one currency for another.
C) They convert one currency into another at one time with an agreement to revert it back at another time in the future.
D) They allow participants to buy and sell currencies now for future delivery.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A,C | Question # 3 Answer: A | Question # 4 Answer: B | Question # 5 Answer: D |






