WGU Global-Economics-for-Managers : WGU Global Economics for Managers (C211, UZC2)

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

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

1. A country has experienced a decrease in inflation. What is the effect on the country's currency exchange rate?

A) It increases
B) It has no effect
C) It becomes unstable
D) It depreciates

2. Which statement about consumer surplus is true?

A) It is a good measure of economic well-being if policymakers want to satisfy buyers' preferences
B) It measures total production efficiency
C) It measures the well-being of sellers
D) It represents government revenue

3. What is a feature of a democracy?

A) It can and often does lead to nationalization, or expropriation, of foreign assets.
B) It gives citizens the right to elect representatives to govern on their behalf.
C) It often results in higher risk associated with political changes that may negatively impact domestic and foreign firms.
D) It delegates absolute political control over the population to one person or party.

4. What is the Nash equilibrium?

A) A situation in which economic actors interacting with one another each choose their best strategy from among all available strategies currently being used by said actors
B) A group of firms illegally acting in unison to improve profits or dominate a market
C) A particular situation between two entities that illustrates why cooperation is difficult to maintain even when it is mutually beneficial
D) An agreement among firms in a market over production and price

5. Point A is on the same indifference curve as Point B. What can be said about the points?

A) The consumer's preference for bundle A is the same as for bundle B.
B) Point B represents a bundle that costs more than Point A.
C) Point A represents a bundle that costs more than Point B.
D) The consumer prefers bundle A over bundle B.

Solutions: