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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 bandwagon effect?

A) Investors moving independently based on private information
B) The tendency of prices to return to equilibrium
C) The movement of investors in the same direction at the same time
D) Government intervention to stabilize markets

2. What is true about producer surplus?

A) It measures the well-being of consumers
B) It measures social welfare
C) It is used to measure the well-being of sellers
D) It equals total revenue

3. Which term best describes an economic condition in which a nation exports more than it imports?

A) Trade surplus
B) Mercantilism
C) Resource mobility
D) Trade deficit

4. Which factors increase a country's currency exchange value? Choose two answers.

A) A rise in inflation
B) A fall in productivity
C) Political unrest
D) A fall in population
E) A rise in productivity
F) A rise in the interest rate

5. What is a key feature of an oligopoly?

A) Entry is free in the long run.
B) Products are always homogeneous.
C) Firms are price takers.
D) The market represents a prisoner's dilemma.

Solutions: