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

Section	Objectives
Topic 1: Competency 2: Political and Economic Forces	- Market Economy vs. Command Economy - Property Rights and the Rule of Law
Topic 2: Key Topics Across All Competencies	- Supply and Demand Shifts - International Trade Policies (Tariffs, Quotas) - Foreign Direct Investment (FDI) Impacts - Elastic vs. Inelastic Goods - Global Business Strategies and Porter's Framework - Currency Appreciation and Depreciation
Topic 3: Competency 3: Economic Decision-Making by Firms and Customers	- Firm Behavior Under Different Market Structures (Perfect Competition, Monopoly, Oligopoly) - Consumer Behavior (Budget Constraint, Indifference Curves)
Topic 4: Competency 1: International Trade and Currency Exchange	- Currency Exchange Rate Determination - Impact of Interest Rates on Financial Flows and Exchange Rates - Introduction to International Trade Theories

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Free PDF Quiz Efficient WGU - Global-Economics-for-Managers - Dumps WGU Global Economics for Managers (C211, UZC2) Torrent

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WGU Global Economics for Managers (C211, UZC2) Sample Questions (Q36-Q41):

NEW QUESTION # 36
Which protection of intellectual property is used for the design of a logo?

A. Patent
B. Trademark
C. Copyright
D. Trade secret

Answer: B

Explanation:
InGlobal Economics for Managers, atrademarkis the form of intellectual property protection used forlogos, brand names, symbols, and slogans, making option C correct. Trademarks allow firms to distinguish their products and services from those of competitors and protect brand identity.
A logo serves as a visual identifier of a company or product, and trademark protection prevents other firms from using confusingly similar designs. This protection helps maintain consumer trust and brand value.
Patents protect inventions, copyrights protect original creative works, and trade secrets protect confidential business information.
Thus, option C correctly identifies trademark protection for logo design.

NEW QUESTION # 37
Which statement describes one of the three views of globalization?

A. Globalization is a threat to product quality and technological innovation.
B. Globalization is a long-awaited solution to worldwide problems.
C. Globalization is an invested agreement to prevent international wars.
D. Globalization is a new force sweeping through the world in recent times.

Answer: D

Explanation:
Globalization can be viewed from different perspectives. One view treats globalization as a relatively new force that has intensified in recent decades due to major advances in technology, transportation, communication, global finance, and international trade liberalization. This view emphasizes that modern globalization is different from earlier cross-border exchange because firms, consumers, capital markets, and supply chains are now connected at much greater speed and scale. Option B is correct because it captures the
"recent force" view of globalization. Option A is too idealistic because globalization creates both benefits and costs. Option C is incorrect because globalization is not primarily an agreement to prevent wars. Option D is also incorrect because globalization often increases innovation through competition and knowledge transfer.

NEW QUESTION # 38
Which phrase best describes property rights?

A. The legal rights regarding the use of an economic resource and for deriving income and benefits from it.
B. The exclusive legal rights of authors and publishers to publish and disseminate their works.
C. The legal rights awarded by government authorities to inventors of new products or processes.
D. The exclusive legal rights of firms to use specific names, brands, and designs to differentiate their products from others.

Answer: A

Explanation:
Property rights are the legal rights to use, control, transfer, and benefit from an economic resource. Option C is correct because it describes the broad economic meaning of property rights. Secure property rights allow individuals and firms to invest, trade, innovate, and plan for the long term because they can expect to capture the benefits from their resources. Weak property rights increase uncertainty, discourage investment, and raise the risk of theft, expropriation, or contract failure. Option A describes copyright, which protects original works of authorship. Option B describes patents, which protect inventions or processes. Option D describes trademarks, which protect names, brands, and designs used to distinguish products. These are forms of intellectual property, but C is the general definition.

NEW QUESTION # 39
What happens when the Federal Reserve increases the money supply?

A. The aggregate supply curve shifts to the right
B. The aggregate demand curve shifts to the right
C. The aggregate supply curve shifts to the left
D. The aggregate demand curve shifts to the left

Answer: B

NEW QUESTION # 40
What are common types of barriers to entry that can cause a monopoly? (Choose TWO.)

A. Economies of scale in the production process
B. Elastic demand
C. A single firm owning a key resource
D. Free entry and exit
E. Perfect information

Answer: A,C

Explanation:
InGlobal Economics for Managers, monopolies arise whenbarriers to entryprevent competitors from entering a market. Two common barriers arecontrol of a key resourceandeconomies of scale, making options A and B correct.
When a single firm owns a unique or scarce resource, competitors cannot produce the good without access to that resource. Economies of scale create monopolies when one firm can produce at a lower average cost than multiple firms due to high fixed costs.
Options C, D, and E promote competition rather than monopoly.
Thus, options A and B correctly identify monopoly-creating barriers to entry.

NEW QUESTION # 41
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