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

Section	Weight	Objectives
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
Foreign Direct Investment and Global Strategy	20%	- Global Business Strategy 1. Strategic positions: Defender, Extender, Contender, Dodger 2. Porter's Diamond model - Foreign Direct Investment (FDI) 1. Theories of FDI, costs and benefits 2. Location advantages and entry modes
Macroeconomics for Managers	10%	- Economic Indicators and Policies 1. GDP, inflation, unemployment, business cycles 2. Fiscal and monetary policy impacts
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. Political, legal, and cultural frameworks 2. Market, command, and mixed economies
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. Hedging and risk management 2. Exchange rate determination, currency regimes

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Global-Economics-for-Managers최신덤프문제, Global-Economics-for-Managers최신 인증시험 공부자료

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최신 Courses and Certificates Global-Economics-for-Managers 무료샘플문제 (Q51-Q56):

질문 # 51
What are common types of barriers to entry that can cause a monopoly? (Choose TWO.)

A. Employee unions
B. Government regulations granting exclusive production rights
C. Elastic demand curves
D. A firm purchasing competitors
E. Economies of scale in the production process
F. Government regulations prohibiting foreign investment

정답：B,E

설명：
InGlobal Economics for Managers, monopolies arise whenbarriers to entryprevent potential competitors from entering a market. Two common barriers areeconomies of scaleandgovernment-granted exclusive rights, making options B and E correct.
Economies of scaleoccur when average costs decline as output increases. In industries with very high fixed costs, a single large firm can produce at a lower cost than multiple smaller firms. This discourages entry because new firms cannot compete efficiently at small scales, leading to monopoly outcomes.
Government regulations granting exclusive production rights-such as patents, licenses, or exclusive franchises-also create monopolies by legally preventing competition. These barriers are intentional and often justified to encourage innovation or ensure service provision.
Option A does not restrict entry. Option C may limit foreign competition but does not necessarily create a monopoly. Option D does not prevent entry. Option F may increase market concentration but is not a structural entry barrier itself.
Thus, options B and E are correct.

질문 # 52
What is true about producer surplus?

A. It equals total revenue
B. It measures the well-being of consumers
C. It is used to measure the well-being of sellers
D. It measures social welfare

정답：C

설명：
InGlobal Economics for Managers,producer surplusmeasures thewell-being of sellers, making option B correct.
Producer surplus is the difference between the price producers receive and the minimum price they are willing to accept. It reflects profits plus fixed costs and indicates how much sellers benefit from participating in a market.
Options A and D confuse producer surplus with consumer or total surplus. Option C is incorrect because producer surplus is not total revenue.
Therefore, option B is correct.

질문 # 53
What are weaknesses of the theory of mercantilism? (Choose TWO.)

A. The theory promotes free trade.
B. The theory encourages specialization and productivity growth.
C. Application of the theory reduces national wealth in the long run.
D. The theory leads to inefficient allocation of resources.
E. The theory emphasizes comparative advantage.

정답：C,D

설명：
In Global Economics for Managers, mercantilism is widely criticized for two major weaknesses: it leads to inefficient allocation of resources and reduces national wealth in the long run, making options A and B correct.
Mercantilism views global trade as a zero-sum game, where one country's gain comes at another's expense.
As a result, it emphasizes export promotion, import restrictions, and accumulation of precious metals. These policies distort market signals and push resources toward protected industries rather than their most productive uses, leading to inefficiency.
Over time, these inefficiencies reduce overall economic growth and national wealth. Protectionist measures raise prices for consumers, reduce competition, and discourage innovation. Retaliation by trading partners can further harm exports and global welfare.
Options C, D, and E describe modern trade theories, not mercantilism. Mercantilism rejects comparative advantage and free trade.
Therefore, A and B correctly identify weaknesses of mercantilism.

질문 # 54
What is an example of goods that tend to have negative cross-price elasticities?

A. Substitutes
B. Complements
C. Luxury goods
D. Inferior goods

정답：B

설명：
InGlobal Economics for Managers,complementary goodshavenegative cross-price elasticity, making option C correct.
When the price of one good rises, demand for its complement falls. Examples include cars and gasoline or printers and ink.
Substitutes have positive cross-price elasticity. Inferior and luxury goods relate to income elasticity, not cross- price elasticity.
Thus, option C is correct.

질문 # 55
A country has seen an increase in inflation. What is the effect on the country's currency exchange rate?

A. It remains the same.
B. It increases.
C. It changes, but in an unknown direction.
D. It decreases.

정답：D

설명：
An increase in inflation generally reduces the value of a country's currency relative to other currencies.
Higher inflation lowers purchasing power because domestic goods and services become more expensive compared with foreign alternatives. As the country's exports become less competitive and imports become relatively more attractive, demand for the domestic currency tends to fall. Under purchasing power parity logic, currencies of countries with higher inflation tend to depreciate over time. Option D is therefore correct.
Option B is incorrect because currency appreciation is more commonly associated with lower inflation, higher productivity, or higher real interest rates. Option A is too rigid because inflation is one of the major determinants of exchange-rate movement. Option C is weaker than D because the expected direction is depreciation.

질문 # 56
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