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

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

1. What is an example of a transaction accounted for in the net exports component of GDP?

A) A member of Congress is paid a salary.
B) A person buys a car from a different country.
C) A couple buys a new house.
D) A person buys food.

2. What is one of the OLI advantages outlined by John Dunning for why firms become multinational enterprises by engaging in foreign direct investment?

A) Location advantages
B) Ownership advantages
C) Competitive neutrality
D) Internalization advantages

3. What is one of the elements of the Porter Diamond in the theory of national competitive advantage of industries?

A) Firm opportunity costs
B) Trade deficits
C) Foreign supply markets
D) Domestic demand conditions

4. Which statement characterizes an institution-based view of global business?

A) Firm behaviors are the outcome of interactions between institutions and firms.
B) Government regulations are the primary driver of institutional change.
C) Institutions, not firms, are the sole factor in explaining individual behavior.
D) Financial motivations are excluded from consideration in explaining the interactions between institutions and firms.

5. What are characteristics of monopolistic competition? (Choose THREE.)

A) Free entry and exit
B) One seller
C) Homogeneous products
D) Many sellers
E) Product differentiation

Solutions: