WGU Global-Economics-for-Managers : WGU Global Economics for Managers (C211, UZC2)

Exam Code: Global-Economics-for-Managers

Exam Name: WGU Global Economics for Managers (C211, UZC2)

Updated: Nov 03, 2026

Q & A: 136 Questions and Answers

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

SectionObjectives
Competency 1: International Trade and Currency Exchange- Introduction to International Trade Theories
- Impact of Interest Rates on Financial Flows and Exchange Rates
- Currency Exchange Rate Determination
Key Topics Across All Competencies- Elastic vs. Inelastic Goods
- Foreign Direct Investment (FDI) Impacts
- Global Business Strategies and Porter's Framework
- Currency Appreciation and Depreciation
- International Trade Policies (Tariffs, Quotas)
- Supply and Demand Shifts
Competency 3: Economic Decision-Making by Firms and Customers- Consumer Behavior (Budget Constraint, Indifference Curves)
- Firm Behavior Under Different Market Structures (Perfect Competition, Monopoly, Oligopoly)
Competency 2: Political and Economic Forces- Property Rights and the Rule of Law
- Market Economy vs. Command Economy

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

Question #1

Institutions exist to reduce uncertainty. An institutional framework is made up of two types of systems.
What are the systems? (Choose TWO.)

  • A. Cognitive
  • B. Normative
  • C. Informal
  • D. Formal
  • E. Personal
  • F. Firm
Reveal Solution  Discussion  0

Correct Answer: C,D  🗳️

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Question #2

What is opportunity cost?

  • A. The marginal benefit of an additional unit
  • B. The explicit monetary cost of an activity
  • C. The lost potential from pursuing one activity at the expense of another, given the alternatives
  • D. The total cost of all inputs used in production
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #3

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

  • A. The actions of any one seller can have a large impact on the profits of other sellers.
  • B. Firms are independent of one another, like competitive firms.
  • C. There are a few sellers.
  • D. Firms in an oligopoly are interdependent in ways competitive firms are not.
  • E. The actions of any one seller have little impact on others' profits.
  • F. There is little motivation for cooperation between firms.
Reveal Solution  Discussion  0

Correct Answer: A,C,D  🗳️

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Question #4

Who are the primary and largest participants in the foreign exchange market?

  • A. Central banks
  • B. Multinational manufacturing firms
  • C. Large international banks
  • D. Individual currency traders
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #5

What are characteristics of a market economy? (Choose TWO.)

  • A. It is characterized by the "invisible hand" of market forces.
  • B. It was first noted by Adam Smith in The Wealth of Nations in 1776.
  • C. Supply, demand, and pricing are planned by the government.
  • D. It is defined by a government taking the authoritative role in the economy.
  • E. It found a near ideal in China and the former Soviet Union during communism.
  • F. Factors of production are government-owned or state-owned.
Reveal Solution  Discussion  0

Correct Answer: A,B  🗳️

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