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

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

Question 1

One view of globalization claims that human civilization has always had some type of globalization.
Which view is it?

A. The long-run historical view
B. The modern institutional view
C. The short-run economic view
D. The technological convergence view

Question 2

What does the term resource mobility describe?

A. The idea that governments should actively defend domestic industries from imports and vigorously promote the export of resources
B. An economic condition in which a nation exports more than it imports
C. The assumption that a resource removed from one industry can be moved to another
D. The idea that market forces should determine how much to trade with little or no government intervention

Question 3

When producing a piece of luggage, the marginal cost is $92 and the marginal revenue is $81. What is the best action for the firm?

A. Enter the market
B. Restart production
C. Decrease production
D. Increase production

Question 4

Which company has a natural resource-seeking strategic goal?

A. A company searching for a location with a large consumer market
B. A company searching for a location where there is an abundance of oil
C. A company searching for a location where labor costs are low
D. A company searching for a location with advanced technology clusters

Question 5

Which statement is true for a monopoly firm, but not for a competitive firm?

A. The firm is a price taker.
B. The marginal revenue equals the price.
C. Economic profit is zero in the long run.
D. The marginal revenue is less than its price.

Solutions: