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WGU Global-Economics-for-Managers Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Global Finance and Monetary Systems | 25% | - Foreign Exchange Markets
|
| Foundations of Global Economics | 20% | - Views on Globalization
|
| Macroeconomics for Managers | 10% | - Economic Indicators and Policies
|
| Foreign Direct Investment and Global Strategy | 20% | - Foreign Direct Investment (FDI)
|
| International Trade Theory and Policy | 25% | - Trade Policies and Barriers
|
WGU Global Economics for Managers (C211, UZC2) Sample Questions:
Which term best describes an economic condition in which a nation exports more than it imports?
- A. Mercantilism
- B. Trade deficit
- C. Resource mobility
- D. Trade surplus
Correct Answer: D 🗳️
Explanation: Only visible for TestPassed members. You can sign-up / login (it's free).
What are common types of barriers to entry that can cause a monopoly? (Choose TWO.)
- A. A single firm owning a key resource
- B. Economies of scale in the production process
- C. Elastic demand
- D. Perfect information
- E. Free entry and exit
Correct Answer: A,B 🗳️
Explanation: Only visible for TestPassed members. You can sign-up / login (it's free).
Barriers to entry help to create monopolies. What is a common type of barrier?
- A. A firm purchasing competitors
- B. Economies of scale in the production process
- C. Progressive tax structures
- D. Elastic demand curves
Correct Answer: B 🗳️
Explanation: Only visible for TestPassed members. You can sign-up / login (it's free).
What is one of the OLI advantages outlined by John Dunning for why firms become multinational enterprises by engaging in foreign direct investment?
- A. Location advantages
- B. Ownership advantages
- C. Competitive neutrality
- D. Internalization advantages
Correct Answer: D 🗳️
Explanation: Only visible for TestPassed members. You can sign-up / login (it's free).
Which methods does the Federal Reserve use to alter reserve quantities? Choose three answers.
- A. Buying bonds
- B. Raising income tax rates
- C. Selling bonds
- D. Selling stock shares
- E. Raising inflation
- F. Raising the discount rate
Correct Answer: A,C,F 🗳️
Explanation: Only visible for TestPassed members. You can sign-up / login (it's free).
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