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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
Macroeconomics for Managers	10%	- Economic Indicators and Policies 1. GDP, inflation, unemployment, business cycles 2. Fiscal and monetary policy impacts
Global Finance and Monetary Systems	25%	- Balance of Payments and International Monetary System 1. Fixed vs floating exchange rates, IMF, World Bank 2. Current account, capital account, official reserves - Foreign Exchange Markets 1. Exchange rate determination, currency regimes 2. Hedging and risk management
Foreign Direct Investment and Global Strategy	20%	- Foreign Direct Investment (FDI) 1. Location advantages and entry modes 2. Theories of FDI, costs and benefits - Global Business Strategy 1. Porter's Diamond model 2. Strategic positions: Defender, Extender, Contender, Dodger
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

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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 best summarizes the overall economic effect of tariffs?

A. They benefit consumers more than producers
B. They transfer surplus from consumers to producers and the government
C. They increase total economic surplus
D. They eliminate inefficiencies in global trade

正解：B

解説：
InGlobal Economics for Managers, tariffs are shown toredistribute economic surplus, making option C correct. When a tariff is imposed, consumers lose surplus due to higher prices, while domestic producers gain surplus and the government collects tariff revenue.
However, the gains to producers and government do not fully offset consumer losses, resulting in deadweight loss. Thus, tariffs reduce total economic welfare even though certain groups benefit.
Options A, B, and D are incorrect.
Therefore, option C accurately summarizes the overall economic effect of tariffs.

質問 # 81
Which statement about the GDP deflator is true?

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

正解：D

質問 # 82
Which statement about the GDP deflator is true?

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

正解：D

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 # 83
What is the definition of globalization?

A. The close integration of countries and peoples of the world
B. The development of custom products for each segment of a population
C. The achievement of a one-world market for goods and services
D. The spread of regulatory influence to a greater pool of subjects

正解：A

解説：
InGlobal Economics for Managers, globalization is defined asthe close integration of countries and peoples of the world, which makes option C the correct and most comprehensive answer. This definition reflects the central idea that globalization is a broad process through which national economies become increasingly interconnected and interdependent. It emphasizes integration rather than any single outcome such as trade expansion or regulatory change.
Globalization involves the growing cross-border movement of goods and services, capital flows, labor migration, technology transfer, and information exchange. For managers, this integration fundamentally alters business decision making by expanding market opportunities while simultaneously increasing exposure to global competition and risk. Firms must evaluate international sourcing options, global consumer demand, exchange rate movements, and geopolitical conditions when making strategic choices.
Option A is incorrect because globalization is not primarily defined by the expansion of regulatory authority.
While regulatory coordination may arise as economies integrate, it is a secondary effect rather than the core meaning of globalization. Option B refers to product customization and market segmentation, which are managerial marketing strategies and not a defining feature of globalization. Option D is too narrow because globalization is not limited to creating a single global market for goods and services; it also includes international financial integration, labor mobility, and the diffusion of ideas and managerial practices.
According toGlobal Economics for Managers, globalization has been driven by trade liberalization, advances in transportation and communication technologies, and declining transaction costs. These forces enable firms to operate global value chains and consumers to access a wider variety of products at lower prices. At the same time, globalization introduces challenges such as increased competitive pressure, economic volatility, and political resistance, all of which managers must account for in decision making.
Therefore, defining globalization as the close integration of countries and peoples accurately captures its scope and relevance within the context of business decision making in the global environment.

質問 # 84
What are key features of an oligopoly? (Choose THREE.)

A. The actions of any one seller can have a large impact on the profits of other sellers.
B. The actions of any one seller have little impact on others' profits.
C. Firms are independent of one another, like competitive firms.
D. There is little motivation for cooperation between firms.
E. Firms in an oligopoly are interdependent in ways competitive firms are not.
F. There are a few sellers.

正解：A、E、F

解説：
In Global Economics for Managers , oligopolies are defined by a small number of sellers , interdependence
, and strategic interaction , making options A, B, and C correct.
Option C is foundational: oligopolies consist of only a few dominant firms , unlike perfect or monopolistic competition. Because of this concentration, firms cannot ignore competitors' actions.
Option B highlights interdependence , a defining feature of oligopolies. Firms must consider how rivals will respond to pricing, output, or strategic changes. This leads to behavior such as price leadership, tacit collusion, or strategic rivalry.
Option A follows directly from interdependence. When one firm changes price or output, it can significantly affect market conditions and the profits of competing firms.
Options D and E incorrectly describe competitive markets, where firms are price takers. Option F is incorrect because oligopolies often have strong incentives to cooperate, either explicitly or tacitly, to maintain profitability.
Thus, A, B, and C accurately capture the essential characteristics of an oligopoly.

質問 # 85
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