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

Section	Objectives
Topic 1: Microeconomics for Managers	- Elasticity and pricing decisions - Supply and demand analysis - Market structures and competition
Topic 2: Global Economics	- International trade and comparative advantage - Global economic institutions and trade policy - Exchange rates and currency systems
Topic 3: Foundations of Economics	- Market systems and economic models - Scarcity, opportunity cost, and economic reasoning
Topic 4: Macroeconomic Environment	- GDP, inflation, and unemployment - Fiscal and monetary policy
Topic 5: Managerial Economic Decision-Making	- Risk and uncertainty in global markets - Cost-benefit analysis in business contexts

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WGU Global Economics for Managers (C211, UZC2) Sample Questions (Q83-Q88):

NEW QUESTION # 83
What is one example of something a copyright is used to protect?

A. The name of a brand
B. The design of a logo
C. The shape of a new invention
D. The content of a book

Answer: D

Explanation:
InGlobal Economics for Managers,copyrightis identified as a form of intellectual property protection that applies tooriginal works of authorship, making option A-the content of a book-the correct answer.
Copyright protects the expression of ideas rather than the ideas themselves.
Copyright protection typically covers literary works, music, films, software code, artistic creations, and other original content fixed in a tangible medium. It grants the creator exclusive rights to reproduce, distribute, display, and perform the work for a specified period. This protection encourages creativity and innovation by allowing creators to earn economic returns from their work.
Option B refers totrademarks, which protect brand names, symbols, and slogans used to distinguish goods or services. Option C, the design of a logo, is also generally protected under trademark law. Option D describes a patent, which protects new inventions, processes, or designs with functional utility.
Global Economics for Managersemphasizes that strong intellectual property protection is critical for firms competing in knowledge-intensive industries. Copyright protection, in particular, plays a key role in publishing, entertainment, and software sectors.
Therefore, option A correctly identifies an example of what copyright is used to protect.

NEW QUESTION # 84
What are key features of an oligopoly? (Choose THREE.)

A. There are a few sellers.
B. There is little motivation for cooperation between firms.
C. Firms in an oligopoly are interdependent in ways competitive firms are not.
D. The actions of any one seller can have a large impact on the profits of other sellers.
E. Firms are independent of one another, like competitive firms.
F. The actions of any one seller have little impact on others' profits.

Answer: A,C,D

Explanation:
In Global Economics for Managers , oligopolies are defined by a small number of sellers , interdependence
, and strategic interaction , making options A, B, and C correct.
Option C is foundational: oligopolies consist of only a few dominant firms , unlike perfect or monopolistic competition. Because of this concentration, firms cannot ignore competitors' actions.
Option B highlights interdependence , a defining feature of oligopolies. Firms must consider how rivals will respond to pricing, output, or strategic changes. This leads to behavior such as price leadership, tacit collusion, or strategic rivalry.
Option A follows directly from interdependence. When one firm changes price or output, it can significantly affect market conditions and the profits of competing firms.
Options D and E incorrectly describe competitive markets, where firms are price takers. Option F is incorrect because oligopolies often have strong incentives to cooperate, either explicitly or tacitly, to maintain profitability.
Thus, A, B, and C accurately capture the essential characteristics of an oligopoly.

NEW QUESTION # 85
Which statements concerning property rights are true? (Choose TWO.)

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

Answer: A,D

Explanation:
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.

NEW QUESTION # 86
What are examples of regulatory pillars? (Choose TWO.)

A. Investing in foreign currencies because others view it as safe
B. Coasting through stop signs because it is common
C. Reporting a crime because it is against the law to withhold information
D. Paying parking tickets out of fear of a suspended driver's license
E. Refusing military service because of pacifist beliefs
F. Stealing office supplies because most colleagues are doing the same thing

Answer: C,D

Explanation:
InGlobal Economics for Managers,regulatory pillarsare part of the institutional framework and refer to formal rules, laws, and enforcement mechanismsthat guide behavior through coercion and legal sanctions.
Examples include laws backed by penalties for noncompliance, making options B and D correct.
Option B-reporting a crime because it is illegal to withhold information-clearly reflects compliance driven bylegal obligation and enforcement. Option D-paying parking tickets out of fear of license suspension- also demonstrates behavior shaped by formal sanctions imposed by authorities.
The remaining options reflectnormative or cognitive pillars, not regulatory ones. Options A and E describe behavior influenced by social norms rather than laws. Option C reflects herd behavior and shared beliefs, a cognitive pillar. Option F reflects deeply held moral values, characteristic of normative institutions.
Global Economics for Managersemphasizes that regulatory pillars are especially important for managers because they define the legal boundaries of business activity and impose explicit costs for violations. Thus, options B and D accurately represent regulatory pillars.

NEW QUESTION # 87
What is an example of a transaction accounted for in the net exports component of GDP?

A. A person buys a car from a different country.
B. A person buys food.
C. A couple buys a new house.
D. A member of Congress is paid a salary.

Answer: A

Explanation:
Net exports equal exports minus imports. Option C is correct because buying a car from a different country is an import transaction, and imports are included in the net exports calculation as a subtraction. This transaction affects GDP because spending on foreign-produced goods must be removed from domestic production measures. Option A is generally consumption if the food is domestically purchased. Option B is government spending because a member of Congress is paid by the government. Option D is investment because new residential construction is counted as investment in GDP accounting. Net exports help managers understand the role of international trade in national output, currency demand, and market exposure. A country importing more than it exports has negative net exports.

NEW QUESTION # 88
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