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

Section	Objectives
Topic 1: Managerial Economic Decision-Making	- Cost-benefit analysis in business contexts - Risk and uncertainty in global markets
Topic 2: Foundations of Economics	- Scarcity, opportunity cost, and economic reasoning - Market systems and economic models
Topic 3: Global Economics	- International trade and comparative advantage - Global economic institutions and trade policy - Exchange rates and currency systems
Topic 4: Macroeconomic Environment	- GDP, inflation, and unemployment - Fiscal and monetary policy
Topic 5: Microeconomics for Managers	- Market structures and competition - Elasticity and pricing decisions - Supply and demand analysis

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최신 Courses and Certificates Global-Economics-for-Managers 무료샘플문제 (Q27-Q32):

질문 # 27
Which effect does increased government spending have on aggregate demand if the multiplier effect is greater than the crowding-out effect?

A. Aggregate demand increases by less than the increase in government spending.
B. Aggregate demand decreases by more than the increase in government spending.
C. Aggregate demand increases by more than the increase in government spending.
D. Aggregate demand decreases by less than the increase in government spending.

정답：C

설명：
In Global Economics for Managers , when the multiplier effect exceeds the crowding-out effect , increased government spending causes aggregate demand (AD) to rise by more than the initial increase in spending
, making option A correct.
The multiplier effect occurs because government spending generates income, which leads to further consumption. Crowding out occurs when government borrowing raises interest rates and reduces private investment. If the multiplier is stronger, the net effect is an amplified increase in AD.
Thus, option A is correct.

질문 # 28
Which statement is a description of theocratic law?

A. It is a legal system that is shaped by precedents and traditions from previous judicial decisions.
B. It is a legal system based on religious teachings and dogma.
C. It is a legal system that uses comprehensive statutes and codes as a primary means to form legal judgments.
D. It is a legal system that is the oldest, most influential, and most widely distributed in the world.

정답：B

설명：
InGlobal Economics for Managers,theocratic lawis defined as a legal systembased on religious teachings and dogma, making option A the correct answer. In this system, religious authorities interpret and enforce laws derived from sacred texts, and there is little separation between religion and the state.
Theocratic legal systems are typically found in countries where religion plays a central role in governance.
Laws governing personal behavior, business practices, family matters, and social conduct are often derived directly from religious doctrine. For managers, this means that compliance requires not only legal understanding but also sensitivity to religious norms and values.
Option B describescivil law, which is widely used around the world. Option C also refers to civil law, emphasizing codified statutes. Option D describescommon law, which relies on judicial precedents and case law.
Global Economics for Managershighlights that theocratic law can create unique challenges for multinational firms, particularly when religious principles conflict with international business norms or corporate policies.
Understanding the nature of the legal system is therefore essential for risk assessment and strategic planning.
Thus, option A accurately describes theocratic law.

질문 # 29
What are examples of fixed costs? (Choose TWO.)

A. Sales commissions
B. Monthly internet cost in a women's apparel business
C. A $1,000 state license fee to operate a shop
D. Cost of parts in computer manufacturing
E. Cost of flour in bread production

정답：B,C

설명：
InGlobal Economics for Managers,fixed costsare costs that do not vary with the level of output in the short run, making optionsC and Dcorrect.
Option C, astate license fee, is fixed because it must be paid regardless of how much output is produced.
Option D,monthly internet service, is also fixed since the cost remains constant even if production rises or falls.
Options A, B, and E arevariable costsbecause they increase as output increases. Sales commissions depend on sales volume, flour usage depends on bread production, and parts costs rise with the number of devices produced.
Understanding fixed costs is essential for break-even analysis and short-run production decisions. Thus, C and D are correct.

질문 # 30
When the Federal Reserve decreases the money supply, what is the result?

A. The efficiency of market corrections is reduced.
B. The quantity of goods and services demanded for any given price decreases.
C. The quantity of goods and services demanded for one specific price increases.
D. The aggregate demand for imports increases.

정답：B

설명：
When the Federal Reserve decreases the money supply, aggregate demand decreases because borrowing becomes more expensive and less credit is available. Option B is correct because the quantity of goods and services demanded at any given price level falls. A lower money supply tends to raise interest rates, which discourages consumer borrowing, business investment, and interest-sensitive purchases such as homes, vehicles, and capital equipment. This shifts the aggregate demand curve left. Option A is not the standard macroeconomic result. Option C is too narrow and incorrectly states that demand increases. Option D is also incorrect because contractionary monetary policy does not directly increase aggregate demand for imports.
For managers, tighter monetary policy can reduce sales forecasts, investment plans, and expansion opportunities.

질문 # 31
What is a characteristic of a market economy?

A. Factors of production are privately owned.
B. Central planning determines production decisions.
C. Resources are allocated through quotas.
D. Prices are fixed by the government.

정답：A

설명：
InGlobal Economics for Managers, amarket economyis characterized byprivate ownership of the factors of production, making option B correct. Individuals and firms own land, labor, capital, and entrepreneurship, and decisions are guided by market prices rather than central planning.
Private ownership creates incentives for efficiency, innovation, and investment. Prices emerge from supply and demand, coordinating economic activity through what Adam Smith described as the "invisible hand." Options A, C, and D describe command economies, not market economies.
Thus, option B correctly identifies a defining feature of a market economy.

질문 # 32
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