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

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

Question 1

What does the Federal Reserve do to expand aggregate demand? (Choose TWO.)

A. Lower the interest rate
B. Reduce the quantity of reserves
C. Increase the foreign exchange rate
D. Raise mortgage rates
E. Increase the money supply
F. Decrease the money supply

Question 2

What is the necessity of making sensible decisions in the absence of complete information called?

A. Moral hazard
B. Bounded rationality
C. Adverse selection
D. Perfect rationality

Question 3

What is true about forward transactions?

A. They are the classic single-shot exchange of one currency for another.
B. They allow traders to sell currency holdings at an exchange rate in the past.
C. They convert one currency into another at one time with an agreement to revert it back at another time in the future.
D. They allow participants to buy and sell currencies now for future delivery.

Question 4

Which entrant is able to erect significant barriers for other entrants?

A. Contender
B. Late mover
C. Dodger
D. First mover

Question 5

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. Marginal cost
D. Total cost

Solutions: