Echte Global-Economics-for-Managers Fragen und Antworten der Global-Economics-for-Managers Zertifizierungsprüfung

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

Section	Objectives
Global Economics	- International trade and comparative advantage - Global economic institutions and trade policy - Exchange rates and currency systems
Foundations of Economics	- Market systems and economic models - Scarcity, opportunity cost, and economic reasoning
Microeconomics for Managers	- Market structures and competition - Elasticity and pricing decisions - Supply and demand analysis
Macroeconomic Environment	- Fiscal and monetary policy - GDP, inflation, and unemployment
Managerial Economic Decision-Making	- Cost-benefit analysis in business contexts - Risk and uncertainty in global markets

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Global-Economics-for-Managers Simulationsfragen & Global-Economics-for-Managers Prüfungen

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WGU Global Economics for Managers (C211, UZC2) Global-Economics-for-Managers Prüfungsfragen mit Lösungen (Q126-Q131):

126. Frage
What is one of the two major exchange rate policies?

A. Discount rate
B. Floating rate
C. Fiscal rate
D. Matched rate

Antwort: B

Begründung:
InGlobal Economics for Managers, one of the two major exchange rate policies is thefloating rate system, making option B the correct answer. Exchange rate policy determines how a country manages the value of its currency relative to others, which has significant implications for trade, investment, and macroeconomic stability.
Under a floating exchange rate system, currency values are determined bymarket forces of supply and demandin foreign exchange markets. Factors such as interest rates, inflation expectations, trade balances, and capital flows influence exchange rate movements. Governments and central banks do not commit to maintaining a specific exchange rate level, although they may occasionally intervene to reduce excessive volatility.
The alternative major policy is afixed (or pegged) exchange rate system, where the government commits to maintaining the currency at a specific value relative to another currency or basket of currencies. Option A, fiscal rate, refers to government taxation and spending policy. Option C, matched rate, is not a recognized exchange rate regime. Option D, discount rate, is a monetary policy tool used by central banks, not an exchange rate policy.
Global Economics for Managersemphasizes that floating exchange rates provide greater monetary policy independence but introduce exchange rate uncertainty, which managers must manage through hedging and pricing strategies. Therefore, option B correctly identifies a major exchange rate policy.

127. Frage
If the demand for a good is elastic, what is true?

A. Price and total revenue move in the same direction.
B. The quantity demanded responds substantially to changes in the price.
C. The quantity demanded responds only slightly to changes in the price.
D. Total revenue increases with a change in price in either direction.

Antwort: B

Begründung:
InGlobal Economics for Managers, demand is said to beelasticwhen thequantity demanded responds substantially to changes in price, making option A correct. Elastic demand occurs when consumers are highly sensitive to price changes, often because close substitutes are available or the good represents a significant portion of income.
When demand is elastic, a small percentage change in price leads to a larger percentage change in quantity demanded. This relationship has important implications for pricing and revenue decisions. In such cases, price and total revenue move inopposite directions-a price decrease increases total revenue, while a price increase reduces total revenue.
Option B is incorrect because total revenue does not increase with price changes in both directions. Option C is false because price and total revenue move in opposite directions under elastic demand. Option D describes inelastic demand, where quantity responds only slightly to price changes.
Managers must understand elasticity when setting prices, forecasting revenue, and designing marketing strategies. Therefore, option A accurately defines elastic demand.

128. Frage
The formula "fixed costs (FC) + variable costs (VC)" represents which quantity?

A. Average cost
B. Marginal cost
C. Implicit cost
D. Total cost

Antwort: D

Begründung:
InGlobal Economics for Managers,total cost (TC)is defined as the sum offixed costs (FC)andvariable costs (VC), making option C correct. The formula is:
TC = FC + VC
Fixed costs do not change with output in the short run, while variable costs vary with production. Total cost captures the full cost of producing a given level of output.
Average cost divides total cost by quantity, marginal cost measures the cost of one additional unit, and implicit cost reflects opportunity costs.
Therefore, option C correctly identifies total cost.

129. Frage
Which statement about Federal Reserve lending to banks is true?

A. Banks set consumer interest rates at the discount rate.
B. The discount rate is changed annually.
C. Banks pay the discount rate when borrowing funds from the Fed.
D. Fed lending to banks follows an overall uptrend.

Antwort: C

Begründung:
InGlobal Economics for Managers, banks that borrow directly from the Federal Reserve through the discount windowpay the discount rate, making option D correct. The discount rate is the interest rate the Fed charges banks for short-term loans.
Option A is incorrect because Fed lending fluctuates based on economic conditions. Option B is incorrect because the discount rate can be changed at any time. Option C is incorrect because consumer interest rates are market-determined, not set at the discount rate.
Thus, option D accurately describes Fed lending.

130. Frage
In an oligopoly with an initial agreement to maximize total profit, which statements might a firm motivated by self-interest likely make? (Choose THREE.)

A. "I am better off reducing output below the agreed level."
B. "Regardless of what my fellow firms do, I am better off raising production beyond the agreed-to level."
C. "If my fellow firms live up to the agreement, I am better off raising production."
D. "I should always cooperate, regardless of outcomes."
E. "If my fellow firms fail to live up to the agreement and raise production, I am better off raising production myself."

Antwort: B,C,E

Begründung:
InGlobal Economics for Managers, oligopolies often face aprisoner's dilemma, making deviation from collusive agreements individually rational. Options A, B, and C correctly reflect this logic.
If others cooperate, cheating by increasing output raises individual profit. If others cheat, matching their behavior minimizes losses. Therefore, regardless of others' actions, raising output appears optimal.
Options D and E contradict self-interested incentives.
Thus, A, B, and C correctly capture oligopolistic behavior.

131. Frage
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