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

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

1. Which transaction is included in the consumption component of GDP?

A) A firm purchases new machinery
B) A person pays for a haircut
C) A government builds a highway
D) A company exports automobiles

2. What is a key feature of an oligopoly?

A) There is little, if any, motivation for cooperation between firms.
B) Firms in an oligopoly are independent of one another, much like competitive firms.
C) There is tension between cooperation and self-interest.
D) The actions of any one seller in the market have little to no impact on the profits of all the other sellers.

3. What does producer surplus measure?

A) The benefit buyers receive from participating in a market
B) The difference between the number of available goods and desired goods
C) The economic well-being of a society
D) The benefit sellers receive from participating in a market

4. In order to increase the money supply, what does the Federal Reserve do?

A) Raises the federal funds rate
B) Increases reserve requirements
C) Buys government bonds from the public
D) Sells government bonds to the public

5. What measures how the quantity demanded of one good responds to a change in the price of another good?

A) Price elasticity of demand
B) Quantity elasticity of demand
C) Equilibrium elasticity of demand
D) Cross-price elasticity of demand

Solutions: