최신Global-Economics-for-Managers높은통과율시험덤프공부시험대비자료

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

Section	Objectives
Topic 1: Global Economics	- Exchange rates and currency systems - International trade and comparative advantage - Global economic institutions and trade policy
Topic 2: Microeconomics for Managers	- Market structures and competition - Supply and demand analysis - Elasticity and pricing decisions
Topic 3: Managerial Economic Decision-Making	- Cost-benefit analysis in business contexts - Risk and uncertainty in global markets
Topic 4: Macroeconomic Environment	- GDP, inflation, and unemployment - Fiscal and monetary policy
Topic 5: Foundations of Economics	- Market systems and economic models - Scarcity, opportunity cost, and economic reasoning

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최근 인기시험 Global-Economics-for-Managers높은 통과율 시험덤프공부 대비자료

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최신 Courses and Certificates Global-Economics-for-Managers 무료샘플문제 (Q91-Q96):

질문 # 91
Which quantity measures the market value of all final goods and services produced within a country in a given period of time?

A. National disposable income
B. Net domestic product (NDP)
C. Gross domestic product (GDP)
D. Gross national income (GNI)

정답：C

설명：
InGlobal Economics for Managers,gross domestic product (GDP)is defined asthe market value of all final goods and services produced within a country's borders during a specific period, making option C correct. GDP is the most widely used indicator of a country's economic performance and size.
GDP includes onlyfinal goods and servicesto avoid double counting. Intermediate goods used in production are excluded because their value is already embedded in final goods. GDP also measures productionwithin national borders, regardless of whether the producers are domestic or foreign-owned firms.
Option A, GNI, includes income earned by citizens abroad and excludes income earned domestically by foreign firms. Option B subtracts depreciation from GDP. Option D is not a standard national income measure.
Managers use GDP to evaluate market potential, economic growth, and country risk. Therefore, option C correctly identifies GDP.

질문 # 92
Which good tends to have elastic demand?

A. A good that is tangible
B. A good with close substitutes
C. A good with many complements
D. A good with few complements

정답：B

설명：
A good with close substitutes tends to have elastic demand because consumers can easily switch to another product when its price rises. Option A is correct. Elastic demand means quantity demanded responds strongly to price changes. For example, if one brand of bottled water increases in price and many similar brands are available, consumers can quickly shift purchases. This makes the seller more constrained when raising prices.
Goods with few substitutes, necessities, or small budget shares tend to have less elastic demand.
Complements affect cross-price relationships, but having many or few complements does not directly define whether demand for the good itself is elastic. Tangibility also does not determine elasticity. For managers, elasticity is critical because it affects pricing strategy, revenue forecasting, and competitive positioning.

질문 # 93
Which statement best summarizes the overall economic effect of tariffs?

A. They increase total economic surplus
B. They eliminate inefficiencies in global trade
C. They benefit consumers more than producers
D. They transfer surplus from consumers to producers and the government

정답：D

설명：
InGlobal Economics for Managers, tariffs are shown toredistribute economic surplus, making option C correct. When a tariff is imposed, consumers lose surplus due to higher prices, while domestic producers gain surplus and the government collects tariff revenue.
However, the gains to producers and government do not fully offset consumer losses, resulting in deadweight loss. Thus, tariffs reduce total economic welfare even though certain groups benefit.
Options A, B, and D are incorrect.
Therefore, option C accurately summarizes the overall economic effect of tariffs.

질문 # 94
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. Competitive neutrality
D. Late-mover advantage

정답：B

설명：
InGlobal Economics for Managers, the benefit enjoyed by firms that enter a marketbefore competitorsis known asfirst-mover advantage, making option C correct. First movers are firms that are pioneers in introducing new products, technologies, or business models into a market.
First-mover advantages can arise from several sources. Early entrants may be able to buildbrand recognition, securecontrol over scarce resources, establishcustomer loyalty, or setindustry standardsthat later entrants must follow. In some cases, first movers can erect significant barriers to entry, making it difficult for competitors to gain market share.
However,Global Economics for Managersalso notes that first-mover advantages are not guaranteed. Early entrants face higher uncertainty, development costs, and the risk of technological obsolescence. Nevertheless, when successful, first movers can sustain long-term competitive advantages.
Option A refers to late-mover advantage, which arises from reduced uncertainty. Option B is not a standard strategic concept. Option D relates to cost efficiencies across products, not timing of entry.
Thus, option C correctly identifies first-mover advantage.

질문 # 95
Which company has a natural resource-seeking strategic goal?

A. A company searching for a location where labor costs are low
B. A company searching for a location where there is an abundance of oil
C. A company searching for a location with advanced technology clusters
D. A company searching for a location with a large consumer market

정답：B

설명：
InGlobal Economics for Managers, anatural resource-seeking strategyrefers to firms that engage in foreign direct investment toaccess specific natural resourcesthat are unavailable or costly in their home country.
Option C correctly reflects this motive.
Companies in industries such as oil, gas, mining, agriculture, and timber often locate operations where resources are naturally abundant. The primary objective is to secure reliable and cost-effective access to essential inputs for production.
Option A describes a cost-seeking strategy, option B a market-seeking strategy, and option D a strategic asset- seeking strategy.
Thus, option C correctly identifies a natural resource-seeking strategic goal.

질문 # 96
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