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WGU Global-Economics-for-Managers Exam Syllabus Topics:
| Section | Objectives |
| Topic 1: Competency 1: International Trade and Currency Exchange | - Introduction to International Trade Theories
- Impact of Interest Rates on Financial Flows and Exchange Rates
- Currency Exchange Rate Determination
|
| Topic 2: Key Topics Across All Competencies | - International Trade Policies (Tariffs, Quotas)
- Global Business Strategies and Porter's Framework
- Supply and Demand Shifts
- Foreign Direct Investment (FDI) Impacts
- Currency Appreciation and Depreciation
- Elastic vs. Inelastic Goods
|
| Topic 3: Competency 3: Economic Decision-Making by Firms and Customers | - Firm Behavior Under Different Market Structures (Perfect Competition, Monopoly, Oligopoly)
- Consumer Behavior (Budget Constraint, Indifference Curves)
|
| Topic 4: Competency 2: Political and Economic Forces | - Market Economy vs. Command Economy
- Property Rights and the Rule of Law
|
WGU Global Economics for Managers (C211, UZC2) Sample Questions:
Which statement is a description of theocratic law?
- A. It is a legal system that is the oldest, most influential, and most widely distributed in the world.
- B. It is a legal system that uses comprehensive statutes and codes as a primary means to form legal judgments.
- C. It is a legal system that is shaped by precedents and traditions from previous judicial decisions.
- D. It is a legal system based on religious teachings and dogma.
Reveal Solution
Discussion
When there is an expectation of lower income in the future, what is the effect on the demand curve for a normal good?
- A. The demand curve shifts up.
- B. The demand curve shifts right.
- C. The demand curve shifts left.
- D. The demand curve shifts down.
Reveal Solution
Discussion
What happens when the Federal Reserve increases the money supply?
- A. The aggregate supply curve shifts to the left
- B. The aggregate demand curve shifts to the right
- C. The aggregate demand curve shifts to the left
- D. The aggregate supply curve shifts to the right
Reveal Solution
Discussion
What is one benefit of small-scale entries into foreign markets?
- A. They focus on learning by doing while limiting the downside risk.
- B. They give complete equity and operational control.
- C. They present easy opportunities to build market share.
- D. They demonstrate a strategic commitment to certain markets.
Reveal Solution
Discussion
Which term best describes an economic condition in which a nation exports more than it imports?
- A. Trade surplus
- B. Mercantilism
- C. Trade deficit
- D. Resource mobility
Reveal Solution
Discussion
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