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

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

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WGU Global Economics for Managers (C211, UZC2) 認定 Global-Economics-for-Managers 試験問題 (Q73-Q78):

質問 # 73
What is true about tariffs?

A. They eliminate deadweight loss
B. They increase consumer surplus
C. They lower domestic prices below world prices
D. They allow the government to raise revenue

正解：D

解説：
InGlobal Economics for Managers, tariffs are recognized as a policy tool thatallows governments to raise revenue, making option C correct.
Tariffs generate revenue by taxing imported goods. While domestic producers may benefit and governments gain revenue, consumers lose due to higher prices and reduced choices. Tariffs also create deadweight loss, reducing overall economic efficiency.
Options A, B, and D contradict standard trade theory.
Therefore, option C is correct.

質問 # 74
What are costs to home countries of foreign direct investment (FDI)? (Choose TWO.)

A. Loss of sovereignty
B. Cultural disintegration
C. Loss of intellectual property
D. Reduced standard of living
E. Capital outflow
F. Job loss

正解：E、F

解説：
According toGlobal Economics for Managers, foreign direct investment (FDI) can generate substantial benefits for both home and host countries, but it may also impose certain costs on thehome country, particularly in the short to medium term. Two commonly identified costs arejob lossandcapital outflow, making options A and D correct.
Job lossmay occur when firms shift production facilities, service operations, or manufacturing plants from the home country to foreign locations. This relocation is often driven by lower labor costs, proximity to emerging markets, or favorable regulatory environments abroad. While such decisions may increase firm profitability and global competitiveness, they can lead to unemployment or downward wage pressure in specific domestic industries.Global Economics for Managersemphasizes that these adjustment costs are often concentrated in particular regions or sectors, even if the national economy benefits in the long run.
Capital outflowrefers to the movement of financial resources from the home country to finance investment abroad. When domestic firms invest overseas, funds that could have been used for domestic investment are instead allocated to foreign operations. In the short run, this may reduce domestic capital formation and slow economic growth, particularly if domestic investment opportunities remain underfunded.
The remaining options are less consistent with standard managerial economics analysis. Reduced standard of living is not a direct or inevitable consequence of FDI and often depends on broader macroeconomic conditions. Cultural disintegration is a sociological concern rather than an economic cost emphasized in managerial economics. Loss of sovereignty is typically associated with host countries rather than home countries. Loss of intellectual property may occur in certain cases but is not a primary or systematic cost identified for home countries in FDI theory.
Thus, job loss and capital outflow best represent the principal costs to home countries highlighted inGlobal Economics for Managers.

質問 # 75
If the demand for a good is inelastic, what is true?

A. Quantity demanded responds substantially to price changes
B. Consumers are highly sensitive to price changes
C. Price and total revenue move in opposite directions
D. Quantity demanded responds only slightly to price changes

正解：D

解説：
InGlobal Economics for Managers, demand isinelasticwhenquantity demanded responds only slightly to changes in price, making option B correct.
Inelastic demand is common for necessities, goods with few substitutes, or goods that represent a small portion of income. When demand is inelastic, price and total revenue move in the same direction.
Options A, C, and D describe elastic demand.
Thus, option B correctly defines inelastic demand.

質問 # 76
What is a characteristic of a market economy?

A. It found a near ideal in China and the former Soviet Union during the heydays of communism.
B. The government takes a hands-off approach known as laissez-faire.
C. Factors of production are government-owned or state-owned.
D. It is defined by a government taking the authoritative role in the economy.

正解：B

解説：
A market economy is associated with limited government intervention and reliance on private decision making, often described as a laissez-faire approach. Option B is correct because laissez-faire means the government largely allows market forces to guide production, pricing, investment, and consumption. In a pure market system, private individuals and firms own resources and respond to price signals. Option A is incorrect because China under communism and the former Soviet Union are classic examples of command economies, not market economies. Option C is also a command-economy characteristic because it gives government the authoritative role. Option D is wrong for the same reason: state ownership of production factors belongs to command or socialist systems. Market economies emphasize private ownership and voluntary exchange.

質問 # 77
What is the bandwagon effect?

A. The movement of investors in the same direction at the same time
B. Government intervention to stabilize markets
C. Investors moving independently based on private information
D. The tendency of prices to return to equilibrium

正解：A

解説：
In Global Economics for Managers, the bandwagon effect refers to the movement of investors in the same direction at the same time, making option B correct. This phenomenon occurs when individuals follow the actions of others rather than relying solely on their own information or analysis.
The bandwagon effect is common in financial markets, particularly during asset bubbles or currency crises.
As more investors buy or sell an asset, others follow, reinforcing the trend regardless of underlying fundamentals. This herd behavior can amplify volatility and lead to mispricing.
Options A, C, and D do not describe collective investor behavior.
Thus, option B correctly defines the bandwagon effect.

質問 # 78
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