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Following are some reference material for actual WGU Global-Economics-for-Managers exam test

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

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

Question 1

What are key features of an oligopoly? (Choose THREE.)

A. There is little motivation for cooperation between firms.
B. The actions of any one seller can have a large impact on the profits of other sellers.
C. Firms in an oligopoly are interdependent in ways competitive firms are not.
D. There are a few sellers.
E. The actions of any one seller have little impact on others' profits.
F. Firms are independent of one another, like competitive firms.

Question 2

What is the Nash equilibrium?

A. A particular situation between two entities that illustrates why cooperation is difficult to maintain even when it is mutually beneficial
B. A group of firms illegally acting in unison to improve profits or dominate a market
C. An agreement among firms in a market over production and price
D. 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

Question 3

What is purchasing power parity (PPP)?

A. The gain from taking advantage of inefficient exchange rates
B. The idea that a country ' s exchange rate is an indicator of socioeconomic well-being
C. The movement of investors in the same direction at the same time
D. A theory suggesting that the price for identical products sold in different countries must be the same in the absence of trade barriers

Question 4

What is one of the three primary types of foreign exchange transactions?

A. Hedging transactions
B. Arbitrage transactions
C. Forward transactions
D. Spot transactions

Question 5

Which statement is true for a monopoly firm, but not for a competitive firm?

A. The marginal revenue is less than its price.
B. The marginal revenue equals the price.
C. Economic profit is zero in the long run.
D. The firm is a price taker.

Solutions: