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

SectionObjectives
Competency 2: Political and Economic Forces- Market Economy vs. Command Economy
- Property Rights and the Rule of Law
Key Topics Across All Competencies- Supply and Demand Shifts
- Elastic vs. Inelastic Goods
- Foreign Direct Investment (FDI) Impacts
- Currency Appreciation and Depreciation
- International Trade Policies (Tariffs, Quotas)
- Global Business Strategies and Porter's Framework
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)
Competency 1: International Trade and Currency Exchange- Introduction to International Trade Theories
- Currency Exchange Rate Determination
- Impact of Interest Rates on Financial Flows and Exchange Rates

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WGU Global Economics for Managers (C211, UZC2) Sample Questions (Q49-Q54):

NEW QUESTION # 49
What are examples of intellectual property? (Choose TWO.)

Answer: A,D

Explanation:
InGlobal Economics for Managers,intellectual property (IP)refers to legally protected creations of the mind.
Patentsandtrademarksare two major forms of IP, making options A and B correct.
Patents protect new inventions, processes, or technologies, granting exclusive rights to inventors for a limited time. Trademarks protect brand identifiers such as names and logos.
Subsidies and tariffs are government policies, not intellectual property protections.
Therefore, options A and B correctly identify examples of intellectual property.


NEW QUESTION # 50
In which situation is the dodger strategy appropriate for responding to multinational enterprises (MNEs)?

Answer: B

Explanation:
InGlobal Economics for Managers, thedodger strategyis appropriate whenindustry pressure to globalize is low and a firm's competitive assets are customized to its home market, making option D correct.
Under this strategy, firms avoid direct confrontation with multinational enterprises by focusing on niche markets, specialized products, or protected domestic segments. Since globalization pressure is weak, firms are not forced to expand internationally, and their localized assets give them an advantage at home.
Dodgers may also cooperate selectively with MNEs or operate in areas where global competition is limited.
This strategy minimizes risk and preserves firm-specific advantages without costly global expansion.
Options A and B align with extender strategies. Option C aligns with contender strategies.
Thus, option D correctly identifies when the dodger strategy is appropriate.


NEW QUESTION # 51
Costs that do not vary with output quantity divided by the quantity of output is best described by which term?

Answer: A

Explanation:
Average fixed cost is calculated by dividing fixed costs by the quantity of output. Fixed costs are costs that do not change with production volume in the short run, such as rent, certain license fees, salaried administrative expenses, or fixed internet service costs. Option D is correct because the question specifically says "costs that do not vary with output quantity," which identifies fixed costs, and then says those costs are divided by quantity. Total cost equals fixed cost plus variable cost. Marginal cost is the additional cost of producing one more unit. Average variable cost divides variable costs by output. Average fixed cost usually declines as output increases because the same fixed cost is spread across more units. This is why higher production can reduce per-unit fixed cost.


NEW QUESTION # 52
An import tariff is implemented on apples. What is the effect on domestic government revenue?

Answer: D

Explanation:
InGlobal Economics for Managers, animport tariffgeneratesgovernment revenue, making option C correct.
A tariff is a tax on imported goods. When apples are imported and subject to a tariff, the government collects revenue equal to the tariff rate multiplied by the quantity imported. Although the quantity of imports usually declines after a tariff is imposed, the government still earns revenue on remaining imports.
This revenue comes at the expense of consumers, who face higher prices, and contributes to deadweight loss.
However, from the government's perspective, tariff revenue increases.
Thus, option C is correct.


NEW QUESTION # 53
What is one example of something a copyright is used to protect?

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 # 54
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