WGU Global-Economics-for-Managers덤프

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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. Current account, capital account, official reserves 2. Fixed vs floating exchange rates, IMF, World Bank
International Trade Theory and Policy	25%	- Classical and Modern Trade Theories 1. Absolute advantage, Comparative advantage 2. Heckscher-Ohlin, Product life-cycle, Strategic trade theory - Trade Policies and Barriers 1. Tariffs, quotas, subsidies, embargoes 2. Economic integration: EU, USMCA, ASEAN
Macroeconomics for Managers	10%	- Economic Indicators and Policies 1. GDP, inflation, unemployment, business cycles 2. Fiscal and monetary policy impacts
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. Political, legal, and cultural frameworks 2. Market, command, and mixed economies - Views on Globalization 1. Drivers and consequences of globalization 2. New view, Evolutionary view, Pendulum view

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최신 Courses and Certificates Global-Economics-for-Managers 무료샘플문제 (Q114-Q119):

질문 # 114
What are properties of a typical indifference curve? (Choose TWO.)

A. Higher indifference curves are preferred to lower ones.
B. Indifference curves slope upward.
C. Indifference curves can intersect.
D. Indifference curves do not cross.

정답：A,D

설명：
InGlobal Economics for Managers, indifference curves have two key properties:higher curves represent higher utility, andcurves do not cross, making options A and C correct.
If curves crossed, preferences would be inconsistent. Higher curves indicate greater satisfaction.
Options B and D violate consumer theory assumptions.
Thus, A and C are correct.

질문 # 115
Which changes increase demand? (Choose TWO.)

A. An increase in the price of a substitute
B. A decrease in consumer income for a normal good
C. A decrease in the price of a complement
D. An increase in the price of the good itself

정답：A,C

설명：
InGlobal Economics for Managers, demand for a good increases when factors other than its own price change in a favorable direction. Two such changes arean increase in the price of a substituteanda decrease in the price of a complement, making options A and B correct.
When the price of asubstituterises, consumers switch toward the relatively cheaper alternative, increasing demand for the good in question. For example, if the price of coffee increases, demand for tea may rise.
When the price of acomplementfalls, consumers are more likely to purchase both goods together, increasing demand. For instance, a decrease in the price of printers raises demand for printer ink.
Options C and D reduce demand rather than increase it.
Thus, A and B correctly identify changes that increase demand.

질문 # 116
Which characteristic is attributed to totalitarianism?

A. It gives citizens the right to elect representatives to govern on their behalf.
B. It delegates absolute political control over the population to one person or party.
C. It prizes an individual's right to freedom of expression and organization.
D. It contains some political risk, but risk that is qualitatively lower than in other political systems.

정답：B

설명：
InGlobal Economics for Managers,totalitarianismis characterized by theconcentration 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 involvehigh 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 Managersstresses 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.

질문 # 117
What are examples of regulatory pillars? (Choose TWO.)

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

정답：A,D

설명：
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.

질문 # 118
Which mode of entry is an equity-based entry mode?

A. Franchising
B. Indirect exports
C. 50/50 joint ventures
D. Licensing

정답：C

설명：
InGlobal Economics for Managers, entry modes are commonly classified intonon-equity,contractual, and equity-basedmodes, depending on the level of ownership, control, and risk assumed by the firm. A50/50 joint ventureis an equity-based entry mode, making option B the correct answer.
Equity-based entry modes involveownership of assets in the foreign market. In a 50/50 joint venture, two firms-typically one domestic and one foreign-each contribute capital and share ownership, control, profits, and risks equally. This structure allows firms to access local market knowledge, share financial risk, and comply with host-country regulations that may restrict full foreign ownership.
Option A, franchising, and option C, licensing, arecontractual entry modes. In these arrangements, firms transfer intellectual property or business formats to foreign partners without taking ownership stakes. While these modes involve lower risk and investment, they also provide less control. Option D, indirect exports, is a non-equity modethat requires minimal commitment and no foreign ownership.
Global Economics for Managersemphasizes that equity-based modes like joint ventures are often chosen when firms need local partners, face political or regulatory constraints, or operate in culturally or institutionally complex environments. However, they also involve higher risk due to shared control and potential partner conflicts.
Thus, option B correctly identifies an equity-based mode of entry.

질문 # 119
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