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

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

Question 1

Which scenario demonstrates a monopoly created by a resource?

A. A bridge is so infrequently used that it has a large fixed cost and negligible marginal cost.
B. An author copyrights a new book.
C. A software company copyrights the code for new software.
D. A new rare jewel is found, and only one mine in the world has it.

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

Question 3

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

Question 4

What is true about producer surplus?

A. It is used to measure the well-being of sellers
B. It equals total revenue
C. It measures social welfare
D. It measures the well-being of consumers

Question 5

Which statement describes turnkey projects?

A. Two or more parent companies create and own a new entity.
B. Clients pay contractors to design and construct new facilities and train personnel.
C. Companies build new factories and offices from scratch.
D. Two companies agree to mutually refer customers.

Solutions: