WGU Courses and Certificates Global-Economics-for-Managers

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

1. In which mode of entry do companies build new factories and offices from scratch?

A) Joint ventures
B) Co-marketing operations
C) Greenfield operations
D) Direct exports

2. When supply decreases and demand stays the same, what happens to the equilibrium point of price and quantity? Choose two answers.

A) Price remains the same.
B) Quantity remains the same.
C) Quantity increases.
D) Price increases.
E) Price decreases.
F) Quantity decreases.

3. What is deadweight cost?

A) A government payment to a domestic firm
B) The lost potential from pursuing one activity at the expense of another, given the alternatives
C) A tariff levied on imports that are selling below cost in order to unfairly drive domestic firms out of business
D) A net loss that occurs in an economy as a result of tariffs

4. What is one of the three primary types of foreign exchange transactions?

A) Forward transactions
B) Hedging transactions
C) Spot transactions
D) Arbitrage transactions

5. The marginal cost of producing a computer is $600, but the marginal revenue is $1,000. What is the best action for the respective firm?

A) Increase production
B) Pause production
C) Decrease production
D) Exit the market

Solutions: