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

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

1. Barriers to entry help to create monopolies. What is a common type of barrier?

A) A firm purchasing competitors
B) Elastic demand curves
C) Progressive tax structures
D) Economies of scale in the production process

2. What are represented by informal institutions?

A) Written laws
B) Ethics
C) Regulations
D) Rules

3. What is true about forward transactions?

A) They convert one currency into another at one time with an agreement to revert it back at another time in the future.
B) They allow traders to sell currency holdings at an exchange rate in the past.
C) They allow participants to buy and sell currencies now for future delivery.
D) They are the classic single-shot exchange of one currency for another.

4. What is deadweight cost?

A) A net loss that occurs in an economy as a result of tariffs
B) A tariff levied on imports that are selling below cost in order to unfairly drive domestic firms out of business
C) The lost potential from pursuing one activity at the expense of another, given the alternatives
D) A government payment to a domestic firm

5. What is one of the two major exchange rate policies?

A) Matched rate
B) Floating rate
C) Fiscal rate
D) Discount rate

Solutions: