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

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

1. In which mode of entry do companies build new factories and offices from scratch?

A) Direct exports
B) Joint ventures
C) Co-marketing operations
D) Greenfield operations

2. What is a key feature of an oligopoly?

A) The actions of any one seller in the market have little to no impact on the profits of all the other sellers.
B) Firms in an oligopoly are independent of one another, much like competitive firms.
C) There is little, if any, motivation for cooperation between firms.
D) There is tension between cooperation and self-interest.

3. Which GDP component is affected when a parent pays for a child's college education?

A) Investment
B) Government purchases
C) Consumption
D) Net exports

4. What are characteristics of a market economy? (Choose TWO.)

A) It is characterized by the "invisible hand" of market forces.
B) It is defined by a government taking the authoritative role in the economy.
C) It found a near ideal in China and the former Soviet Union during communism.
D) Factors of production are government-owned or state-owned.
E) It was first noted by Adam Smith in The Wealth of Nations in 1776.
F) Supply, demand, and pricing are planned by the government.

5. What is a characteristic of common law as compared to civil law?

A) Common law is based on religious teachings.
B) Common law minimizes the role of judges.
C) Common law is more reliant on precedents from previous judicial decisions.
D) Common law relies primarily on comprehensive statutes and codes.

Solutions: