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

SectionWeightObjectives
Topic 1: International Trade Theory and Policy25%- Classical and Modern Trade Theories
  • 1. Absolute advantage, Comparative advantage
  • 2. Heckscher-Ohlin, Product life-cycle, Strategic trade theory
- Trade Policies and Barriers
  • 1. Economic integration: EU, USMCA, ASEAN
  • 2. Tariffs, quotas, subsidies, embargoes
Topic 2: Global Finance and Monetary Systems25%- Balance of Payments and International Monetary System
  • 1. Fixed vs floating exchange rates, IMF, World Bank
  • 2. Current account, capital account, official reserves
- Foreign Exchange Markets
  • 1. Exchange rate determination, currency regimes
  • 2. Hedging and risk management
Topic 3: Foreign Direct Investment and Global Strategy20%- Foreign Direct Investment (FDI)
  • 1. Location advantages and entry modes
  • 2. Theories of FDI, costs and benefits
- Global Business Strategy
  • 1. Strategic positions: Defender, Extender, Contender, Dodger
  • 2. Porter's Diamond model
Topic 4: Macroeconomics for Managers10%- Economic Indicators and Policies
  • 1. GDP, inflation, unemployment, business cycles
  • 2. Fiscal and monetary policy impacts
Topic 5: Foundations of Global Economics20%- Economic Systems and Institutions
  • 1. Market, command, and mixed economies
  • 2. Political, legal, and cultural frameworks
- Views on Globalization
  • 1. Drivers and consequences of globalization
  • 2. New view, Evolutionary view, Pendulum view

>> Global-Economics-for-Managers合格問題 <<

Global-Economics-for-Managers関連資格知識、Global-Economics-for-Managers無料試験

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WGU Global Economics for Managers (C211, UZC2) 認定 Global-Economics-for-Managers 試験問題 (Q44-Q49):

質問 # 44
Which statement about the GDP deflator is true?

正解：D

解説：
InGlobal Economics for Managers, theGDP deflatoris a price index used to measureinflation, making option A correct. The percentage change in the GDP deflator from one year to the next reflects the overall inflation rate of domestically produced goods and services.
The GDP deflator is calculated as:
GDP Deflator = (Nominal GDP / Real GDP) × 100
Because it includes all goods and services produced domestically, it provides a broad measure of price changes across the economy. Unlike the CPI, it is not based on a fixed basket of goods.
Option B is incorrect because real GDP, not the GDP deflator, is used to assess economic well-being. Option C is incorrect because the GDP deflator is derived from the same GDP components. Option D is incorrect because the deflator generally increases over time due to inflation.
Thus, option A is correct.


質問 # 45
When confronting MNEs, the extender strategy centers on what?

正解：C

解説：
InGlobal Economics for Managers, theextender strategycenters onleveraging homegrown competencies abroad, making option A the correct answer. This strategy is typically adopted by firms whose competitive assets are strong and transferable across borders and that operate in industries with significant pressure to globalize.
Homegrown competencies may include proprietary technology, strong brands, efficient production processes, or superior managerial know-how developed in the domestic market. Under an extender strategy, firms take these existing strengths and apply them to foreign markets, often through exporting, licensing, franchising, or foreign direct investment. The goal is to extend the firm's competitive advantage beyond national borders without fundamentally altering its core business model.
Option B describes adodger or collaborator strategy, which emphasizes cooperation rather than independent expansion. Option C aligns more closely with adefender strategy, where firms rely on local advantages to resist foreign competition. Option D reflects elements of acontender strategy, where firms prioritize learning before expanding internationally.
The extender strategy is particularly effective when firms face global competitors but already possess assets that can be scaled internationally at relatively low cost. For managers, understanding this strategy is critical for deciding when and how to internationalize operations in response to MNE competition.
Thus, option A accurately reflects the central focus of the extender strategy as defined inGlobal Economics for Managers.


質問 # 46
What are characteristics of a market economy? (Choose TWO.)

正解：B、E

解説：
InGlobal Economics for Managers, amarket economyis characterized by decentralized decision making and reliance on market forces, making optionsB and Ecorrect.
Option B is correct becauseAdam Smith, inThe Wealth of Nations(1776), laid the intellectual foundation for market economies. He argued that individuals pursuing their own self-interest unintentionally promote the overall welfare of society.
Option E correctly identifies the"invisible hand", a central concept in market economies. Prices, supply, and demand coordinate economic activity without centralized planning. Firms decide what to produce based on profitability, and consumers decide what to buy based on preferences and prices.
Options A, C, D, and F describecommand economies, where governments control production, pricing, and resource ownership-characteristics inconsistent with market economies.
Thus, B and E accurately describe defining features of a market economy.


質問 # 47
A country has experienced a decrease in inflation. What is the effect on the country's currency exchange rate?

正解：D


質問 # 48
Costs that do not vary with output quantity divided by the quantity of output is best described by which term?

正解：B

解説：
Average fixed cost is calculated by dividing fixed costs by the quantity of output. Fixed costs are costs that do not change with production volume in the short run, such as rent, certain license fees, salaried administrative expenses, or fixed internet service costs. Option D is correct because the question specifically says "costs that do not vary with output quantity," which identifies fixed costs, and then says those costs are divided by quantity. Total cost equals fixed cost plus variable cost. Marginal cost is the additional cost of producing one more unit. Average variable cost divides variable costs by output. Average fixed cost usually declines as output increases because the same fixed cost is spread across more units. This is why higher production can reduce per-unit fixed cost.


質問 # 49
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