WGU Global-Economics-for-Managers Exam : WGU Global Economics for Managers (C211, UZC2)

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

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

Question 1

Which goods have a positive cross-price elasticity?

A. Substitutes
B. Shortage goods
C. Normal goods
D. Complements

Question 2

What are features shared by monopolies and perfect competition? (Choose TWO.)

A. Maximum profit occurs when marginal revenue equals marginal cost.
B. The structure does not produce the welfare-maximizing level of output.
C. Firms earn economic profits in the short run.
D. In the long run, it is nearly impossible for new firms to enter.
E. Price is greater than marginal cost.
F. In the long run, new firms can easily enter the market.

Question 3

The benefit attributed to firms that enter a market before other firms in the same market segment is best described by which term?

A. Economies of scope
B. Competitive neutrality
C. Late-mover advantage
D. First-mover advantage

Question 4

What are costs to home countries of foreign direct investment (FDI)? (Choose TWO.)

A. Job loss
B. Reduced standard of living
C. Loss of intellectual property
D. Capital outflow
E. Cultural disintegration
F. Loss of sovereignty

Question 5

What is true about tariffs?

A. They increase the domestic quantity demanded.
B. They encourage consumers to reduce their consumption.
C. They increase the quantity of imports.
D. They lower the price of affected imported goods below the world price.

Solutions: