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WGU Global-Economics-for-Managers Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Competency 2: Political and Economic Forces | - Market Economy vs. Command Economy - Property Rights and the Rule of Law |
| 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) |
| Key Topics Across All Competencies | - Supply and Demand Shifts - Currency Appreciation and Depreciation - Foreign Direct Investment (FDI) Impacts - Global Business Strategies and Porter's Framework - Elastic vs. Inelastic Goods - International Trade Policies (Tariffs, Quotas) |
| Competency 1: International Trade and Currency Exchange | - Introduction to International Trade Theories - Currency Exchange Rate Determination - Impact of Interest Rates on Financial Flows and Exchange Rates |
WGU Global Economics for Managers (C211, UZC2) Sample Questions:
1. Direct exports have which advantage?
A) Full control over foreign distribution
B) Lower transportation costs
C) Elimination of exchange rate risk
D) Capitalization of economies of scale in production in the home country
2. What are examples of regulatory pillars? (Choose TWO.)
A) Coasting through stop signs because it is common
B) Reporting a crime because it is against the law to withhold information
C) Paying parking tickets out of fear of a suspended driver's license
D) Investing in foreign currencies because others view it as safe
E) Stealing office supplies because most colleagues are doing the same thing
F) Refusing military service because of pacifist beliefs
3. In a monopoly, which statements are likely true? (Choose TWO.)
A) Marginal revenue equals price
B) Firms are price takers
C) There are barriers to entry into the market
D) Entry is free in the long run
E) One seller offers a unique good with no close substitutes
4. Which statement about the GDP deflator is true?
A) It follows a nearly strict decreasing pattern from a base year.
B) Its percentage change from one year to the next is the inflation rate.
C) It is a more reliable indicator of economic well-being than real GDP.
D) It includes fewer core economic measurements than GDP.
5. What are common types of barriers to entry that can cause a monopoly? (Choose TWO.)
A) Free entry and exit
B) Economies of scale in the production process
C) A single firm owning a key resource
D) Perfect information
E) Elastic demand
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: B,C | Question # 3 Answer: C,E | Question # 4 Answer: B | Question # 5 Answer: B,C |







