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

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

1. What is a characteristic of a market economy?

A) Prices are fixed by the government.
B) Central planning determines production decisions.
C) Factors of production are privately owned.
D) Resources are allocated through quotas.

2. Which phrase best describes property rights?

A) The legal rights regarding the use of an economic resource and for deriving income and benefits from it.
B) The exclusive legal rights of authors and publishers to publish and disseminate their works.
C) The exclusive legal rights of firms to use specific names, brands, and designs to differentiate their products from others.
D) The legal rights awarded by government authorities to inventors of new products or processes.

3. Which statement characterizes an institution-based view of global business?

A) Financial motivations are excluded from consideration in explaining the interactions between institutions and firms.
B) Institutions, not firms, are the sole factor in explaining individual behavior.
C) Firm behaviors are the outcome of interactions between institutions and firms.
D) Government regulations are the primary driver of institutional change.

4. What is one of the OLI advantages outlined by John Dunning for why firms become multinational enterprises by engaging in foreign direct investment?

A) Competitive neutrality
B) Internalization advantages
C) Ownership advantages
D) Location advantages

5. In which situation is the contender strategy appropriate for responding to multinational enterprises (MNEs)?

A) There is low industry pressure to globalize, and competitive assets are transferable abroad.
B) There is high industry pressure to globalize, and competitive assets are customized to home markets.
C) There is high industry pressure to globalize, and competitive assets are transferable abroad.
D) There is low industry pressure to globalize, and competitive assets are customized to home markets.

Solutions: