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

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

1. What is one of the three primary strategies that nonfinancial companies use to cope with currency risks?

A) Keeping low inventories
B) Using foreign dealers for their goods
C) Strategic hedging
D) Reducing currency liabilities

2. If the demand for a good is elastic, what is true?

A) The quantity demanded responds only slightly to changes in the price.
B) Total revenue increases with a change in price in either direction.
C) Price and total revenue move in the same direction.
D) The quantity demanded responds substantially to changes in the price.

3. What is an example of a company that is market-seeking?

A) A company searching for a location where rocks and minerals can be mined
B) A company searching for a location where the cost of unskilled labor is low
C) A company searching for a location where a specific type of plastic is low-cost and readily available
D) A company searching for a location where there is a high interest in camping supplies

4. In order to increase the money supply, what does the Federal Reserve do?

A) Buys government bonds from the public
B) Raises the federal funds rate
C) Sells government bonds to the public
D) Increases reserve requirements

5. Costs that do not vary with output quantity divided by the quantity of output is best described by which term?

A) Total cost
B) Average variable cost
C) Marginal cost
D) Average fixed cost

Solutions: