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

Section	Weight	Objectives
Topic 1: International Trade Theory and Policy	25%	- Trade Policies and Barriers 1. Economic integration: EU, USMCA, ASEAN 2. Tariffs, quotas, subsidies, embargoes - Classical and Modern Trade Theories 1. Absolute advantage, Comparative advantage 2. Heckscher-Ohlin, Product life-cycle, Strategic trade theory
Topic 2: Global Finance and Monetary Systems	25%	- Balance of Payments and International Monetary System 1. Current account, capital account, official reserves 2. Fixed vs floating exchange rates, IMF, World Bank - Foreign Exchange Markets 1. Exchange rate determination, currency regimes 2. Hedging and risk management
Topic 3: Foundations of Global Economics	20%	- Views on Globalization 1. Drivers and consequences of globalization 2. New view, Evolutionary view, Pendulum view - Economic Systems and Institutions 1. Market, command, and mixed economies 2. Political, legal, and cultural frameworks
Topic 4: Foreign Direct Investment and Global Strategy	20%	- Foreign Direct Investment (FDI) 1. Theories of FDI, costs and benefits 2. Location advantages and entry modes - Global Business Strategy 1. Porter's Diamond model 2. Strategic positions: Defender, Extender, Contender, Dodger
Topic 5: Macroeconomics for Managers	10%	- Economic Indicators and Policies 1. GDP, inflation, unemployment, business cycles 2. Fiscal and monetary policy impacts

>> Global-Economics-for-Managers합격보장 가능 인증덤프 <<

Global-Economics-for-Managers합격보장 가능 인증덤프 시험 기출문제 모음 자료

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최신 Courses and Certificates Global-Economics-for-Managers 무료샘플문제 (Q80-Q85):

질문 # 80
What is one benefit of small-scale entries into foreign markets?

A. They give complete equity and operational control.
B. They focus on learning by doing while limiting the downside risk.
C. They present easy opportunities to build market share.
D. They demonstrate a strategic commitment to certain markets.

정답：B

설명：
Small-scale entry allows a firm to enter a foreign market cautiously, gain experience, and learn about local demand, institutions, competitors, distribution channels, and regulatory conditions without committing excessive capital. Option C is correct because learning by doing while limiting downside risk is the central advantage of small-scale entry. This approach is useful when market uncertainty is high or when managers lack reliable local knowledge. Option A is more consistent with large-scale entry, which signals major strategic commitment. Option B is incorrect because small-scale entry does not necessarily provide full control, especially if the firm uses partnerships, exporting, or limited investment. Option D is too optimistic because small-scale entry may limit speed and market-share growth. Its main benefit is controlled learning.

질문 # 81
Which statements concerning property rights are true? (Choose TWO.)

A. Property rights are the legal rights regarding the use of an economic resource and for deriving income and benefits from it.
B. The primary purpose of establishing property rights is to provide economic benefit to society as a whole.
C. Insecure property rights bode well in global competition where firms benefit from economies of scale and sustained R&D.
D. Developing countries can achieve economic growth even without securing property rights.
E. Protection of property rights is commonly recognized as a major factor in allowing developing countries to make gains toward economic progress.
F. Securing property rights results in industries that employ little fixed capital and avoid long-term investment.

정답：A,E

설명：
InGlobal Economics for Managers, property rights are fundamental to economic development and global competitiveness, making optionsC and Fthe correct answers.
Option F correctly definesproperty rightsas the legal rights governing the use of an economic resource and the ability to derive income and benefits from it. These rights specify ownership, control, transferability, and enforcement, providing clarity and predictability for economic actors.
Option C is also correct becauseprotection of property rights is widely recognized as a key driver of economic progress, especially in developing countries. Secure property rights encourage investment, innovation, and long-term planning by reducing the risk of expropriation or misuse. Firms are more willing to invest in capital-intensive production and research and development when their assets and returns are legally protected.
Option A is incorrect because secure property rights encourage-not discourage-long-term investment and capital-intensive industries. Option B is incorrect because insecure property rights undermine economies of scale and R&D by increasing uncertainty. Option D contradicts extensive evidence showing that weak property rights constrain sustainable growth. Option E is partially normative but not emphasized as a core analytical statement in managerial economics texts.
Thus, options C and F accurately reflect the role and definition of property rights in global economics.

질문 # 82
Which scenario demonstrates a monopoly created by a resource?

A. A software company copyrights the code for new software.
B. A new rare jewel is found, and only one mine in the world has it.
C. An author copyrights a new book.
D. A bridge is so infrequently used that it has a large fixed cost and negligible marginal cost.

정답：B

설명：
InGlobal Economics for Managers, aresource-based monopolyarises when a single firm controls aunique, scarce resourcethat cannot be easily replicated or accessed by competitors. Option D correctly illustrates this situation. When only one mine in the world possesses a rare jewel, the firm owning that mine has exclusive control over the supply of that resource, creating monopoly power.
This type of monopoly differs from legal or technological monopolies. The monopoly exists not because of government protection or intellectual property rights, but because ofnatural scarcity. Competitors cannot enter the market without access to the same resource, and alternative sources may be unavailable or prohibitively costly. As a result, the monopolist can restrict output and charge prices above marginal cost.
Option A describes anatural monopolybased on cost structure rather than resource ownership. Options B and C describelegal monopoliescreated by copyright protection, not resource monopolies.
Thus, option D correctly demonstrates a monopoly created by control over a unique resource.

질문 # 83
Which quantity is calculated using the formula variable costs (VC) + fixed costs (FC)?

A. Implicit cost (IC)
B. Total cost (TC)
C. Average variable cost (AVC)
D. Explicit cost (EC)

정답：B

설명：
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, such as rent or license fees, while variable costs change with the level of production, such as labor or raw materials. Total cost captures the full economic cost of producing a given level of output.
Option A, implicit cost, refers to opportunity costs without direct monetary payment. Option B, explicit cost, includes direct monetary expenditures but does not represent the total cost formula. Option D, average variable cost, is calculated as VC divided by quantity produced.
Understanding total cost is essential for profit maximization and production decisions. Therefore, option C is correct.

질문 # 84
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：
In Global Economics for Managers , a natural resource-seeking strategy refers to firms that engage in foreign direct investment to access specific natural resources that 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 # 85
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