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Our WGU Global Economics for Managers (C211, UZC2) (Global-Economics-for-Managers) exam dumps give help to give you an idea about the actual WGU Global Economics for Managers (C211, UZC2) (Global-Economics-for-Managers) exam. You can attempt multiple WGU Global Economics for Managers (C211, UZC2) (Global-Economics-for-Managers) exam questions on the software to improve your performance. You have the option to change the topic and set the time according to the actual WGU Global-Economics-for-Managers Exam.

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

Section	Weight	Objectives
Topic 1: International Trade Theory and Policy	25%	- Classical and Modern Trade Theories 1. Heckscher-Ohlin, Product life-cycle, Strategic trade theory 2. Absolute advantage, Comparative advantage - Trade Policies and Barriers 1. Economic integration: EU, USMCA, ASEAN 2. Tariffs, quotas, subsidies, embargoes
Topic 2: Global Finance and Monetary Systems	25%	- 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 Strategy	20%	- Global Business Strategy 1. Porter's Diamond model 2. Strategic positions: Defender, Extender, Contender, Dodger - Foreign Direct Investment (FDI) 1. Theories of FDI, costs and benefits 2. Location advantages and entry modes
Topic 4: Macroeconomics for Managers	10%	- Economic Indicators and Policies 1. GDP, inflation, unemployment, business cycles 2. Fiscal and monetary policy impacts
Topic 5: Foundations of Global Economics	20%	- Views on Globalization 1. New view, Evolutionary view, Pendulum view 2. Drivers and consequences of globalization - Economic Systems and Institutions 1. Market, command, and mixed economies 2. Political, legal, and cultural frameworks

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Exam Global-Economics-for-Managers Consultant - Global-Economics-for-Managers Exam Exercise

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WGU Global Economics for Managers (C211, UZC2) Sample Questions (Q39-Q44):

NEW QUESTION # 39
Which characteristics are attributed to a democracy? (Choose THREE.)

A. It contains political risk that is lower than in other political systems.
B. It concentrates power in a single ruling party.
C. It extends the right to organize economically to domestic and foreign firms.
D. It prizes freedom of expression and organization.
E. It prohibits private ownership.

Answer: A,C,D

Explanation:
InGlobal Economics for Managers, democracies are characterized bycivil liberties, economic freedoms, and relatively lower political risk, making options A, C, and D correct.
Democracies protect freedom of expression and organization, allow domestic and foreign firms to operate, and provide stable institutional environments with predictable rules.
Options B and E describe authoritarian systems, not democracies.
Thus, A, C, and D correctly describe democratic systems.

NEW QUESTION # 40
Which statement is true for a monopoly firm, but not for a competitive firm?

A. The marginal revenue is less than its price.
B. Economic profit is zero in the long run.
C. The marginal revenue equals the price.
D. The firm is a price taker.

Answer: A

Explanation:
InGlobal Economics for Managers, a key distinction between monopolies and perfectly competitive firms is the relationship betweenprice and marginal revenue. For a monopoly,marginal revenue is less than price, making option C correct.
A monopoly faces adownward-sloping demand curve, meaning that to sell an additional unit, the firm must lower the price not only for the marginal unit but also for all previous units sold. As a result, marginal revenue declines faster than price and always lies below the demand curve.
In contrast, a perfectly competitive firm is aprice taker. It can sell as much output as it wants at the market price, so marginal revenue equals price.
Options A and B describe competitive firms, not monopolies. Option D is incorrect because monopolies can earn economic profits in the long run due to entry barriers.
Thus, option C correctly identifies a feature unique to monopoly firms.

NEW QUESTION # 41
What are examples of variable costs? Choose two answers.

A. A $1,000 license fee charged by the state government to operate a shop
B. A 5% tax charged by the government on variable inputs
C. The cost of the parts used in individual devices made by a computer manufacturer
D. The CEO's salary for a major manufacturing firm
E. The rent paid by a magazine publisher for its creative team
F. The monthly internet cost in a business that produces women's apparel

Answer: B,C

Explanation:
Variable costs change as output changes. Option A is correct because a tax charged on variable inputs increases as the firm uses more inputs to produce more output. Option E is also correct because the cost of parts used in individual devices rises directly with the number of devices produced. If the manufacturer produces more computers, it must buy more parts; if production falls, parts costs fall. The other choices are fixed costs because they generally do not vary directly with the quantity produced in the short run. A license fee, CEO salary, rent, and monthly internet service are normally paid regardless of whether output is high or low. Managers must separate fixed and variable costs to make production, pricing, shutdown, and break-even decisions.

NEW QUESTION # 42
Which phrase best describes property rights?

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

Answer: D

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 # 43
What is true about tariffs?

A. They eliminate deadweight loss
B. They allow the government to raise revenue
C. They increase consumer surplus
D. They lower domestic prices below world prices

Answer: B

Explanation:
InGlobal Economics for Managers, tariffs are recognized as a policy tool thatallows governments to raise revenue, making option C correct.
Tariffs generate revenue by taxing imported goods. While domestic producers may benefit and governments gain revenue, consumers lose due to higher prices and reduced choices. Tariffs also create deadweight loss, reducing overall economic efficiency.
Options A, B, and D contradict standard trade theory.
Therefore, option C is correct.

NEW QUESTION # 44
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