世界基準のGlobal-Economics-for-Managers問題集

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

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

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WGU Global Economics for Managers (C211, UZC2) 認定 Global-Economics-for-Managers 試験問題 (Q80-Q85):

質問 # 80
Which statement is true for a monopoly firm, but not for a competitive firm?

A. The firm is a price taker.
B. The marginal revenue equals the price.
C. The marginal revenue is less than its price.
D. Economic profit is zero in the long run.

正解：C

解説：
In Global Economics for Managers , a key distinction between monopolies and perfectly competitive firms is the relationship between price and marginal revenue . For a monopoly, marginal revenue is less than price
, making option C correct.
A monopoly faces a downward-sloping demand curve , meaning that to sell an additional unit, the firm must lower the price not only for the marginal unit but also for all previous units sold. As a result, marginal revenue declines faster than price and always lies below the demand curve.
In contrast, a perfectly competitive firm is a price taker . It can sell as much output as it wants at the market price, so marginal revenue equals price.
Options A and B describe competitive firms, not monopolies. Option D is incorrect because monopolies can earn economic profits in the long run due to entry barriers.
Thus, option C correctly identifies a feature unique to monopoly firms.

質問 # 81
What are examples of variable costs? Choose two answers.

A. The rent paid by a magazine publisher for its creative team
B. A 5% tax charged by the government on variable inputs
C. The CEO's salary for a major manufacturing firm
D. A $1,000 license fee charged by the state government to operate a shop
E. The cost of the parts used in individual devices made by a computer manufacturer
F. The monthly internet cost in a business that produces women's apparel

正解：B、E

解説：
Variable costs change as output changes. Option A is correct because a tax charged on variable inputs increases as the firm uses more inputs to produce more output. Option E is also correct because the cost of parts used in individual devices rises directly with the number of devices produced. If the manufacturer produces more computers, it must buy more parts; if production falls, parts costs fall. The other choices are fixed costs because they generally do not vary directly with the quantity produced in the short run. A license fee, CEO salary, rent, and monthly internet service are normally paid regardless of whether output is high or low. Managers must separate fixed and variable costs to make production, pricing, shutdown, and break-even decisions.

質問 # 82
What is a feature of a democracy?

A. It can and often does lead to nationalization, or expropriation, of foreign assets.
B. It gives citizens the right to elect representatives to govern on their behalf.
C. It often results in higher risk associated with political changes that may negatively impact domestic and foreign firms.
D. It delegates absolute political control over the population to one person or party.

正解：B

解説：
A democracy gives citizens the right to elect representatives who govern on their behalf. Option D is correct because political participation, representative government, accountability, and civil liberties are core features of democratic systems. Democracies generally have institutional checks and balances, rule of law, and mechanisms for peaceful leadership change. These features can reduce arbitrary government action and improve transparency for businesses. Option B describes totalitarianism, where one person or party holds absolute political control. Option C describes a political risk that may occur in some countries but is not a defining feature of democracy. Option A is also incorrect because democracies usually reduce extreme political uncertainty compared with authoritarian systems, although policy changes can still affect firms. The defining feature is citizen representation through elections.

質問 # 83
The formula "fixed costs (FC) + variable costs (VC)" represents which quantity?

A. Implicit cost
B. Total cost
C. Marginal cost
D. Average cost

正解：B

解説：
InGlobal Economics for Managers,total cost (TC)is defined as the sum offixed costs (FC)andvariable costs (VC), making option C correct. The formula is:
TC = FC + VC
Fixed costs do not change with output in the short run, while variable costs vary with production. Total cost captures the full cost of producing a given level of output.
Average cost divides total cost by quantity, marginal cost measures the cost of one additional unit, and implicit cost reflects opportunity costs.
Therefore, option C correctly identifies total cost.

質問 # 84
Which statement about the GDP deflator is true?

A. Its percentage change from one year to the next is the inflation rate.
B. It follows a nearly strict decreasing pattern from a base year.
C. It includes fewer core economic measurements than GDP.
D. It is a more reliable indicator of economic well-being than real GDP.

正解：A

解説：
InGlobal Economics for Managers, theGDP deflatoris a price index used to measureinflation, making option A correct. The percentage change in the GDP deflator from one year to the next reflects the overall inflation rate of domestically produced goods and services.
The GDP deflator is calculated as:
GDP Deflator = (Nominal GDP / Real GDP) × 100
Because it includes all goods and services produced domestically, it provides a broad measure of price changes across the economy. Unlike the CPI, it is not based on a fixed basket of goods.
Option B is incorrect because real GDP, not the GDP deflator, is used to assess economic well-being. Option C is incorrect because the GDP deflator is derived from the same GDP components. Option D is incorrect because the deflator generally increases over time due to inflation.
Thus, option A is correct.

質問 # 85
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