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

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

1. Which scenario most likely describes a late mover?

A) A company faces fewer market uncertainties.
B) A company gains advantage through proprietary technology.
C) A company makes preemptive investments.
D) A company is able to erect significant barriers for other entrants.

2. Which protection of intellectual property is used for the design of a logo?

A) Copyright
B) Trade secret
C) Patent
D) Trademark

3. What is true about gross domestic product (GDP)?

A) It is thought to be the single best measure of a society's economic well-being.
B) It places heavier weight on intangible services than tangible goods.
C) Its year-to-year percentage change represents the inflation rate.
D) It includes the income of citizens working abroad.

4. What is the Nash equilibrium?

A) An agreement among firms in a market over production and price
B) A group of firms illegally acting in unison to improve profits or dominate a market
C) A situation in which economic actors interacting with one another each choose their best strategy from among all available strategies currently being used by said actors
D) A particular situation between two entities that illustrates why cooperation is difficult to maintain even when it is mutually beneficial

5. 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) Enter the market
B) Decrease production
C) Increase production
D) Restart production

Solutions: