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

WGU Global Economics for Managers (C211, UZC2) Sample Questions:

1. If the demand for a good is inelastic, what is true?

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

2. Point A is on the same indifference curve as Point B. What can be said about the points?

A) The consumer prefers bundle A over bundle B.
B) Point A represents a bundle that costs more than Point B.
C) Point B represents a bundle that costs more than Point A.
D) The consumer's preference for bundle A is the same as for bundle B.

3. Which goods have a positive cross-price elasticity?

A) Normal goods
B) Complements
C) Shortage goods
D) Substitutes

4. Which scenario most likely describes a late mover?

A) A company makes preemptive investments.
B) A company gains advantage through proprietary technology.
C) A company is able to erect significant barriers for other entrants.
D) A company faces fewer market uncertainties.

5. When the Federal Reserve decreases the money supply, what is the result?

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

Solutions: