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

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

1. The benefit attributed to firms that enter a market before other firms in the same market segment is best described by which term?

A) Economies of scope
B) First-mover advantage
C) Late-mover advantage
D) Competitive neutrality

2. What are costs to home countries of foreign direct investment (FDI)? (Choose TWO.)

A) Loss of intellectual property
B) Loss of sovereignty
C) Capital outflow
D) Reduced standard of living
E) Job loss
F) Cultural disintegration

3. An import tariff is implemented on furniture. What is the effect on consumer surplus for furniture?

A) It changes depending on market conditions.
B) It does not change.
C) It decreases.
D) It increases.

4. What is true about tariffs?

A) They encourage consumers to reduce their consumption.
B) They lower the price of affected imported goods below the world price.
C) They increase the domestic quantity demanded.
D) They increase the quantity of imports.

5. One view of globalization claims that human civilization has always had some type of globalization.
Which view is it?

A) The short-run economic view
B) The technological convergence view
C) The long-run historical view
D) The modern institutional view

Solutions: