Global-Economics-for-Managers Zertifikatsfragen, Global-Economics-for-Managers Dumps

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WGU Global-Economics-for-Managers Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|
| Global Finance and Monetary Systems | 25% | - Foreign Exchange Markets
- 1. Hedging and risk management
- 2. Exchange rate determination, currency regimes
- Balance of Payments and International Monetary System
- 1. Fixed vs floating exchange rates, IMF, World Bank
- 2. Current account, capital account, official reserves
|
| 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
|
| Foundations of Global Economics | 20% | - Economic Systems and Institutions
- 1. Market, command, and mixed economies
- 2. Political, legal, and cultural frameworks
- Views on Globalization
- 1. New view, Evolutionary view, Pendulum view
- 2. Drivers and consequences of globalization
|
| International Trade Theory and Policy | 25% | - Trade Policies and Barriers
- 1. Tariffs, quotas, subsidies, embargoes
- 2. Economic integration: EU, USMCA, ASEAN
- Classical and Modern Trade Theories
- 1. Heckscher-Ohlin, Product life-cycle, Strategic trade theory
- 2. Absolute advantage, Comparative advantage
|
| Macroeconomics for Managers | 10% | - Economic Indicators and Policies
- 1. Fiscal and monetary policy impacts
- 2. GDP, inflation, unemployment, business cycles
|
>> Global-Economics-for-Managers Zertifikatsfragen <<
WGU Global-Economics-for-Managers Dumps, Global-Economics-for-Managers Testfagen
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WGU Global Economics for Managers (C211, UZC2) Global-Economics-for-Managers Prüfungsfragen mit Lösungen (Q72-Q77):
72. Frage
What is a key feature of an oligopoly?
- A. There is little, if any, motivation for cooperation between firms.
- B. There is tension between cooperation and self-interest.
- C. Firms in an oligopoly are independent of one another, much like competitive firms.
- D. The actions of any one seller in the market have little to no impact on the profits of all the other sellers.
Antwort: B
Begründung:
A key feature of oligopoly is the tension between cooperation and self-interest. Option A is correct because oligopolistic markets contain only a few major sellers, so each firm's pricing, output, and advertising decisions affect rivals. Firms may benefit collectively from cooperation, such as keeping prices high, but each firm also has an incentive to undercut rivals and gain market share. This creates strategic interdependence.
Option B is wrong because oligopoly firms are not independent like perfectly competitive firms; they must anticipate competitor reactions. Option C is also wrong because one seller's actions can significantly affect other sellers' profits. Option D is incorrect because oligopoly firms often have strong motivation to cooperate, whether formally or tacitly, though explicit collusion may be illegal.
73. Frage
When is it best for a firm to increase production?
- A. When marginal revenue is greater than marginal cost
- B. When average cost is minimized
- C. When total revenue is maximized
- D. When marginal cost exceeds marginal revenue
Antwort: A
Begründung:
InGlobal Economics for Managers, the fundamental profit-maximization rule states that firms shouldincrease production when marginal revenue exceeds marginal cost, making option C correct.
Marginal revenue represents the additional revenue from selling one more unit, while marginal cost represents the additional cost of producing it. As long as MR > MC, producing additional units increases profit. Firms should stop expanding output when MR = MC.
Option A implies losses on additional units. Option B relates to cost efficiency, not profit maximization.
Option D ignores costs and therefore does not maximize profit.
Therefore, option C correctly identifies the condition under which firms should increase production.
74. Frage
Which statement about Federal Reserve lending to banks is true?
- A. Fed lending to banks follows an overall uptrend.
- B. Banks pay the discount rate when borrowing funds from the Fed.
- C. The discount rate is changed annually.
- D. Banks set consumer interest rates at the discount rate.
Antwort: B
Begründung:
InGlobal Economics for Managers, banks that borrow directly from the Federal Reserve through the discount windowpay the discount rate, making option D correct. The discount rate is the interest rate the Fed charges banks for short-term loans.
Option A is incorrect because Fed lending fluctuates based on economic conditions. Option B is incorrect because the discount rate can be changed at any time. Option C is incorrect because consumer interest rates are market-determined, not set at the discount rate.
Thus, option D accurately describes Fed lending.
75. Frage
Which characteristic is attributed to totalitarianism?
- A. It gives citizens the right to elect representatives to govern on their behalf.
- B. It contains some political risk, but risk that is qualitatively lower than in other political systems.
- C. It prizes an individual ' s right to freedom of expression and organization.
- D. It delegates absolute political control over the population to one person or party.
Antwort: D
Begründung:
In Global Economics for Managers , totalitarianism is characterized by the concentration of absolute political power in the hands of a single individual or a single ruling party , making option D the correct answer. Under a totalitarian system, political authority is centralized, dissent is suppressed, and the state seeks to control not only political life but often economic, social, and ideological aspects of society as well.
Unlike democratic systems, totalitarian regimes do not permit free elections, political pluralism, or meaningful checks and balances. Citizens are not granted the right to elect representatives, nor are freedoms of expression, association, or organization protected. Instead, political opposition is restricted or eliminated, and state power is maintained through coercion, propaganda, and control of institutions.
Option A is incorrect because totalitarian systems generally involve high political risk , particularly for firms, due to arbitrary policy changes, expropriation risk, and weak legal protections. Option B describes liberal democratic systems that emphasize civil liberties. Option C is a defining feature of representative democracies, not totalitarian regimes.
Global Economics for Managers stresses that totalitarianism presents significant challenges for global managers. While such systems may offer short-term stability or rapid decision making, they often involve unpredictable policy shifts, weak protection of property rights, and limited transparency. These conditions increase political risk and complicate long-term business planning.
Therefore, option D correctly identifies the defining characteristic of totalitarianism as the delegation of absolute political control to one person or party.
76. Frage
Which phrase best describes property rights?
- A. The exclusive legal rights of authors and publishers to publish and disseminate their works.
- B. The exclusive legal rights of firms to use specific names, brands, and designs to differentiate their products from others.
- C. The legal rights awarded by government authorities to inventors of new products or processes.
- D. The legal rights regarding the use of an economic resource and for deriving income and benefits from it.
Antwort: D
Begründung:
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.
77. Frage
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