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| Section | Weight | Objectives |
|---|---|---|
| Foreign Direct Investment and Global Strategy | 20% | - Foreign Direct Investment (FDI)
|
| Macroeconomics for Managers | 10% | - Economic Indicators and Policies
|
| Foundations of Global Economics | 20% | - Economic Systems and Institutions
|
| Global Finance and Monetary Systems | 25% | - Foreign Exchange Markets
|
| International Trade Theory and Policy | 25% | - Classical and Modern Trade Theories
|
>> WGU Global-Economics-for-Managers퍼펙트 인증덤프자료 <<
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질문 # 114
The marginal cost of producing a computer is $600, but the marginal revenue is $1,000. What is the best action for the respective firm?
정답：D
설명：
According toGlobal Economics for Managers, firms shouldincrease production when marginal revenue (MR) exceeds marginal cost (MC), making option C correct.
In this case, MR = $1,000 and MC = $600. Producing one additional unit generates more revenue than cost, increasing profit by $400. Rational, profit-maximizing firms should continue expanding output as long as MR
> MC.
This decision rule applies across market structures, including monopoly, oligopoly, and perfect competition.
The firm should stop increasing production only when MR equals MC.
Options A, B, and D would cause the firm to forgo profitable opportunities.
Thus, option C is the correct managerial response.
질문 # 115
Which term best describes a market structure of limited competition in which the market is shared by a small number of sellers?
정답：B
설명：
InGlobal Economics for Managers, anoligopolyis defined as a market structure characterized bylimited competition in which a small number of sellers dominate the market, making option C the correct answer.
These firms collectively control a large share of total market output, and each firm's actions significantly influence the behavior and profitability of the others.
Oligopolistic markets are common in industries with high barriers to entry, such as automobiles, airlines, telecommunications, and energy. Barriers may include economies of scale, high capital requirements, technological advantages, or government regulation. Because only a few firms operate in the market, strategic decision making becomes critical.
Option A, monopoly, involves a single seller. Option B, monopolistic competition, includes many sellers offering differentiated products. Option D, perfect competition, involves many sellers with no market power.
Global Economics for Managersemphasizes that oligopolies are marked by strategic interaction, where firms must anticipate competitors' reactions when setting prices, output, advertising, or investment levels. This interdependence distinguishes oligopoly from other market structures.
Thus, option C accurately describes a market structure with limited competition and a small number of sellers.
질문 # 116
What are common types of barriers to entry that can cause a monopoly? (Choose TWO.)
정답：D,E
설명：
InGlobal Economics for Managers, monopolies arise whenbarriers to entryprevent competitors from entering a market. Two common barriers arecontrol of a key resourceandeconomies of scale, making options A and B correct.
When a single firm owns a unique or scarce resource, competitors cannot produce the good without access to that resource. Economies of scale create monopolies when one firm can produce at a lower average cost than multiple firms due to high fixed costs.
Options C, D, and E promote competition rather than monopoly.
Thus, options A and B correctly identify monopoly-creating barriers to entry.
질문 # 117
A country has experienced a decrease in inflation. What is the effect on the country's currency exchange rate?
정답：A
질문 # 118
When supply decreases and demand stays the same, what happens to the equilibrium point of price and quantity? Choose two answers.
정답：B,E
설명：
When supply decreases while demand remains unchanged, the supply curve shifts left. At the original price, there is now less quantity supplied than quantity demanded, creating upward pressure on price. As price rises, consumers reduce quantity demanded until the market reaches a new equilibrium. Option A is correct because equilibrium price increases. Option E is correct because equilibrium quantity decreases. This result often occurs when input costs rise, production disruptions occur, regulation increases production costs, or natural disasters reduce available supply. Options B, C, D, and F contradict the standard supply-and-demand outcome. Managers must understand this relationship because supply disruptions can raise selling prices, reduce sales volume, affect inventory planning, and influence sourcing strategy. The basic result is higher price and lower quantity.
질문 # 119
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