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

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

Question 1

What are examples of variable costs? Choose two answers.

A. A 5% tax charged by the government on variable inputs
B. The cost of the parts used in individual devices made by a computer manufacturer
C. The rent paid by a magazine publisher for its creative team
D. The CEO's salary for a major manufacturing firm
E. A $1,000 license fee charged by the state government to operate a shop
F. The monthly internet cost in a business that produces women's apparel

Question 2

What measures how the quantity demanded of one good responds to a change in the price of another good?

A. Quantity elasticity of demand
B. Equilibrium elasticity of demand
C. Price elasticity of demand
D. Cross-price elasticity of demand

Question 3

In order to increase the money supply, what does the Federal Reserve do?

A. Buys government bonds from the public
B. Raises the federal funds rate
C. Sells government bonds to the public
D. Increases reserve requirements

Question 4

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

Question 5

Which situation illustrates the proposition that when formal constraints are unclear or fail, informal constraints play a larger role in reducing uncertainty and providing constancy to firms?

A. Firms relocating overseas due to a new domestic tax policy
B. A firm follows strict environmental practices despite lax local laws
C. Choosing a headquarters location based on cost of living, airports, and tax credits
D. Firms entering gray markets due to high taxes

Solutions: