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WGU Global-Economics-for-Managers Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Key Topics Across All Competencies | - Foreign Direct Investment (FDI) Impacts - International Trade Policies (Tariffs, Quotas) - Supply and Demand Shifts - Currency Appreciation and Depreciation - Elastic vs. Inelastic Goods - Global Business Strategies and Porter's Framework |
| Competency 1: International Trade and Currency Exchange | - Impact of Interest Rates on Financial Flows and Exchange Rates - Currency Exchange Rate Determination - Introduction to International Trade Theories |
| Competency 2: Political and Economic Forces | - Property Rights and the Rule of Law - Market Economy vs. Command Economy |
| Competency 3: Economic Decision-Making by Firms and Customers | - Consumer Behavior (Budget Constraint, Indifference Curves) - Firm Behavior Under Different Market Structures (Perfect Competition, Monopoly, Oligopoly) |
WGU Global Economics for Managers (C211, UZC2) Sample Questions:
1. An import tariff is implemented on furniture. What is the effect on consumer surplus for furniture?
A) It increases.
B) It decreases.
C) It changes depending on market conditions.
D) It does not change.
2. What is the profit maximization condition for a monopoly?
A) When marginal cost is minimized
B) When price equals marginal cost
C) When total revenue is maximized
D) When marginal revenue equals marginal cost
3. What are properties of a typical indifference curve? (Choose TWO.)
A) Indifference curves slope upward.
B) Indifference curves do not cross.
C) Higher indifference curves are preferred to lower ones.
D) Indifference curves can intersect.
4. When is it best for a firm to increase production?
A) When marginal cost exceeds marginal revenue
B) When average cost is minimized
C) When marginal revenue is greater than marginal cost
D) When total revenue is maximized
5. In which situation is the dodger strategy appropriate for responding to multinational enterprises (MNEs)?
A) There is low industry pressure to globalize, and competitive assets are transferable abroad.
B) There is high industry pressure to globalize, and competitive assets are customized to home markets.
C) There is high industry pressure to globalize, and competitive assets are transferable abroad.
D) There is low industry pressure to globalize, and competitive assets are customized to home markets.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: D | Question # 3 Answer: B,C | Question # 4 Answer: C | Question # 5 Answer: D |






