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

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

1. Which statement about consumer surplus is true?

A) It is a good measure of economic well-being if policymakers want to satisfy buyers' preferences
B) It measures the well-being of sellers
C) It represents government revenue
D) It measures total production efficiency

2. What is the Nash equilibrium?

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

3. What are examples of regulatory pillars? (Choose TWO.)

A) Investing in foreign currencies because others view it as safe
B) Paying parking tickets out of fear of a suspended driver's license
C) Stealing office supplies because most colleagues are doing the same thing
D) Refusing military service because of pacifist beliefs
E) Reporting a crime because it is against the law to withhold information
F) Coasting through stop signs because it is common

4. The benefit attributed to firms that enter a market before other firms in the same market segment is best described by which term?

A) First-mover advantage
B) Late-mover advantage
C) Economies of scope
D) Competitive neutrality

5. When there is an expectation of lower income in the future, what is the effect on the demand curve for a normal good?

A) The demand curve shifts right.
B) The demand curve shifts left.
C) The demand curve shifts up.
D) The demand curve shifts down.

Solutions: