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

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

1. What is the definition of marginal cost?

A) The increase in cost that arises from producing an additional unit of output
B) The opportunity cost of capital
C) The total cost divided by total output
D) The fixed cost of production

2. When producing a piece of luggage, the marginal cost is $92 and the marginal revenue is $81. What is the best action for the firm?

A) Increase production
B) Decrease production
C) Enter the market
D) Restart production

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

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

4. Which statement is a description of theocratic law?

A) It is a legal system that is the oldest, most influential, and most widely distributed in the world.
B) It is a legal system that is shaped by precedents and traditions from previous judicial decisions.
C) It is a legal system based on religious teachings and dogma.
D) It is a legal system that uses comprehensive statutes and codes as a primary means to form legal judgments.

5. Which GDP component is affected when a parent pays for a child's college education?

A) Investment
B) Government purchases
C) Net exports
D) Consumption

Solutions: