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

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

Question 1

Which quantity is calculated using the formula variable costs (VC) + fixed costs (FC)?

A. Total cost (TC)
B. Explicit cost (EC)
C. Average variable cost (AVC)
D. Implicit cost (IC)

Question 2

Which statement about the GDP deflator is true?

A. It includes fewer core economic measurements than GDP.
B. Its percentage change from one year to the next is the inflation rate.
C. It follows a nearly strict decreasing pattern from a base year.
D. It is a more reliable indicator of economic well-being than real GDP.

Question 3

Who are the primary and largest participants in the foreign exchange market?

A. Individual currency traders
B. Large international banks
C. Multinational manufacturing firms
D. Central banks

Question 4

What are characteristics of monopolistic competition? (Choose THREE.)

A. Product differentiation
B. One seller
C. Homogeneous products
D. Free entry and exit
E. Many sellers

Question 5

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

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

Solutions: