WGU Global-Economics-for-Managers real exam prep : WGU Global Economics for Managers (C211, UZC2)

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

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

1. What is true about tariffs?

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

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

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

3. Which quantity is calculated using the formula variable costs (VC) + fixed costs (FC)?

A) Explicit cost (EC)
B) Implicit cost (IC)
C) Average variable cost (AVC)
D) Total cost (TC)

4. Which mode of entry is an equity-based entry mode?

A) 50/50 joint ventures
B) Indirect exports
C) Franchising
D) Licensing

5. The benefit attributed to firms that enter a market before other firms in the same market segment is best described by which term?

A) Competitive neutrality
B) First-mover advantage
C) Economies of scope
D) Late-mover advantage

Solutions: