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

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

1. What is an example of a company that is market-seeking?

A) A company searching for a location where a specific type of plastic is low-cost and readily available
B) A company searching for a location where there is a high interest in camping supplies
C) A company searching for a location where the cost of unskilled labor is low
D) A company searching for a location where rocks and minerals can be mined

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

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

3. What is true about forward transactions?

A) They allow traders to sell currency holdings at an exchange rate in the past.
B) They are the classic single-shot exchange of one currency for another.
C) They allow participants to buy and sell currencies now for future delivery.
D) They convert one currency into another at one time with an agreement to revert it back at another time in the future.

4. What are represented by informal institutions?

A) Written laws
B) Regulations
C) Ethics
D) Rules

5. What is a characteristic of a market economy?

A) Resources are allocated through quotas.
B) Central planning determines production decisions.
C) Factors of production are privately owned.
D) Prices are fixed by the government.

Solutions: