Try and practice the latest WGU : Global-Economics-for-Managers real questions & answers

Last Updated: Sep 30, 2026

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

SectionWeightObjectives
Foundations of Global Economics20%- Views on Globalization
  • 1. New view, Evolutionary view, Pendulum view
  • 2. Drivers and consequences of globalization
- Economic Systems and Institutions
  • 1. Political, legal, and cultural frameworks
  • 2. Market, command, and mixed economies
Global Finance and Monetary Systems25%- Foreign Exchange Markets
  • 1. Exchange rate determination, currency regimes
  • 2. Hedging and risk management
- Balance of Payments and International Monetary System
  • 1. Current account, capital account, official reserves
  • 2. Fixed vs floating exchange rates, IMF, World Bank
International Trade Theory and Policy25%- Classical and Modern Trade Theories
  • 1. Absolute advantage, Comparative advantage
  • 2. Heckscher-Ohlin, Product life-cycle, Strategic trade theory
- Trade Policies and Barriers
  • 1. Tariffs, quotas, subsidies, embargoes
  • 2. Economic integration: EU, USMCA, ASEAN
Macroeconomics for Managers10%- Economic Indicators and Policies
  • 1. Fiscal and monetary policy impacts
  • 2. GDP, inflation, unemployment, business cycles
Foreign Direct Investment and Global Strategy20%- Foreign Direct Investment (FDI)
  • 1. Theories of FDI, costs and benefits
  • 2. Location advantages and entry modes
- Global Business Strategy
  • 1. Strategic positions: Defender, Extender, Contender, Dodger
  • 2. Porter's Diamond model

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

Question #1

What is the necessity of making sensible decisions in the absence of complete information called?

  • A. Moral hazard
  • B. Adverse selection
  • C. Perfect rationality
  • D. Bounded rationality
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #2

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 down.
  • B. The demand curve shifts up.
  • C. The demand curve shifts left.
  • D. The demand curve shifts right.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #3

An institution-based view of global business focuses on the specific relationship between which two entities?

  • A. Customers and firms
  • B. Firms and institutions
  • C. Firms and governments
  • D. Customers and institutions
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #4

Which good tends to have elastic demand?

  • A. A good with close substitutes
  • B. A good with few complements
  • C. A good with many complements
  • D. A good that is tangible
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #5

What is one benefit of small-scale entries into foreign markets?

  • A. They focus on learning by doing while limiting the downside risk.
  • B. They present easy opportunities to build market share.
  • C. They demonstrate a strategic commitment to certain markets.
  • D. They give complete equity and operational control.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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