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

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

1. The marginal cost of producing a computer is $600, but the marginal revenue is $1,000. What is the best action for the respective firm?

A) Exit the market
B) Pause production
C) Decrease production
D) Increase production

2. 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.

3. Which term best describes an economic condition in which a nation exports more than it imports?

A) Mercantilism
B) Resource mobility
C) Trade deficit
D) Trade surplus

4. What are properties of a typical indifference curve? (Choose TWO.)

A) Indifference curves can intersect.
B) Indifference curves do not cross.
C) Higher indifference curves are preferred to lower ones.
D) Indifference curves slope upward.

5. What is one characteristic of a market shortage?

A) Quantity supplied is less than equilibrium quantity.
B) Price is greater than the equilibrium price.
C) Quantity demanded is less than equilibrium quantity.
D) There is downward pressure on price.

Solutions: