Download WGU : Global-Economics-for-Managers Questions & Answers as PDF & Test Software
Last Updated: Sep 30, 2026
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WGU Global-Economics-for-Managers Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Macroeconomic Environment | - Fiscal and monetary policy - GDP, inflation, and unemployment |
| Managerial Economic Decision-Making | - Cost-benefit analysis in business contexts - Risk and uncertainty in global markets |
| Global Economics | - Exchange rates and currency systems - Global economic institutions and trade policy - International trade and comparative advantage |
| Microeconomics for Managers | - Supply and demand analysis - Elasticity and pricing decisions - Market structures and competition |
| Foundations of Economics | - Scarcity, opportunity cost, and economic reasoning - Market systems and economic models |
WGU Global Economics for Managers (C211, UZC2) Sample Questions:
Which statement is true for a monopoly firm, but not for a competitive firm?
- A. The firm is a price taker.
- B. Economic profit is zero in the long run.
- C. The marginal revenue equals the price.
- D. The marginal revenue is less than its price.
Correct Answer: D 🗳️
Explanation: Only visible for TestSimulate members. You can sign-up / login (it's free).
What is an example of goods that tend to have negative cross-price elasticities?
- A. Substitutes
- B. Complements
- C. Luxury goods
- D. Inferior goods
Correct Answer: B 🗳️
Explanation: Only visible for TestSimulate members. You can sign-up / login (it's free).
Which transaction is included in the consumption component of GDP?
- A. A person pays for a haircut
- B. A company exports automobiles
- C. A firm purchases new machinery
- D. A government builds a highway
Correct Answer: A 🗳️
Explanation: Only visible for TestSimulate members. You can sign-up / login (it's free).
Point A is on the same indifference curve as Point B. What can be said about the points?
- A. Point B represents a bundle that costs more than Point A.
- B. The consumer prefers bundle A over bundle B.
- C. The consumer's preference for bundle A is the same as for bundle B.
- D. Point A represents a bundle that costs more than Point B.
Correct Answer: C 🗳️
Explanation: Only visible for TestSimulate members. You can sign-up / login (it's free).
What are three characteristics of industries primed for collusion? (Choose THREE.)
- A. A small number of rivals
- B. A price leader
- C. Free entry and exit
- D. Homogeneous products
- E. Perfect information for consumers
- F. High product differentiation
Correct Answer: A,B,D 🗳️
Explanation: Only visible for TestSimulate members. You can sign-up / login (it's free).
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