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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 Nash equilibrium?

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

2. An import tariff is implemented on apples. What is the effect on domestic government revenue?

A) It remains unchanged
B) It decreases
C) It increases
D) It becomes negative

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

4. In order to increase the money supply, what does the Federal Reserve do?

A) Increases reserve requirements
B) Raises the federal funds rate
C) Sells government bonds to the public
D) Buys government bonds from the public

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

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

Solutions: