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

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

1. What is a key feature of an oligopoly?

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

2. In which situation is the contender strategy appropriate for responding to multinational enterprises (MNEs)?

A) There is low industry pressure to globalize, and competitive assets are transferable abroad.
B) There is low industry pressure to globalize, and competitive assets are customized to home markets.
C) There is high industry pressure to globalize, and competitive assets are customized to home markets.
D) There is high industry pressure to globalize, and competitive assets are transferable abroad.

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) Domestic demand conditions
C) Foreign supply markets
D) Trade deficits

4. What are examples of intellectual property? (Choose TWO.)

A) A patent
B) A trademark
C) A tariff
D) A subsidy

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

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

Solutions: