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

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

Question 1

What is purchasing power parity (PPP)?

A. A theory suggesting that the price for identical products sold in different countries must be the same in the absence of trade barriers
B. The idea that a country ' s exchange rate is an indicator of socioeconomic well-being
C. The movement of investors in the same direction at the same time
D. The gain from taking advantage of inefficient exchange rates

Question 2

An institution-based view of global business focuses on the specific relationship between which two entities?

A. Customers and firms
B. Firms and institutions
C. Firms and governments
D. Customers and institutions

Question 3

Costs that do not vary with output quantity divided by the quantity of output is best described by which term?

A. Average variable cost
B. Average fixed cost
C. Total cost
D. Marginal cost

Question 4

What is a key feature of an oligopoly?

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

Question 5

Which statement about Federal Reserve lending to banks is true?

A. Fed lending to banks follows an overall uptrend.
B. The discount rate is changed annually.
C. Banks pay the discount rate when borrowing funds from the Fed.
D. Banks set consumer interest rates at the discount rate.

Solutions: