Study with Global-Economics-for-Managers Actual Test Questions
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Updated: Aug 06, 2026
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WGU Global-Economics-for-Managers Exam Overview:
| Certification Vendor: | Western Governors University (WGU) |
| Exam Name: | Global Economics for Managers |
| Exam Number: | C211 / UZC2 |
| Exam Format: | Objective Assessment (proctored multiple-choice exam), Performance-based assessment (course assignments may also apply depending on term structure) |
| Related Certifications: | MBA Core Curriculum (WGU) |
| Certificate Validity Period: | N/A (course-based assessment within WGU program) |
| Available Languages: | English |
| Recommended Training: | WGU Course Material (C211 Global Economics for Managers) Khan Academy Economics |
| Exam Registration: | WGU Student Portal |
| Sample Questions: | WGU Global-Economics-for-Managers Sample Questions |
| Exam Way: | Online proctored assessment via WGU testing platform |
| Pre Condition: | Admission into WGU MBA or related business graduate program; completion of program requirements as outlined in degree plan |
| Official Syllabus URL: | https://www.wgu.edu |
WGU Global-Economics-for-Managers Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Microeconomics for Managers | - Market structures and competition - Elasticity and pricing decisions - Supply and demand analysis |
| Topic 2: Global Economics | - Exchange rates and currency systems - Global economic institutions and trade policy - International trade and comparative advantage |
| Topic 3: Managerial Economic Decision-Making | - Risk and uncertainty in global markets - Cost-benefit analysis in business contexts |
| Topic 4: Macroeconomic Environment | - Fiscal and monetary policy - GDP, inflation, and unemployment |
| Topic 5: Foundations of Economics | - Scarcity, opportunity cost, and economic reasoning - Market systems and economic models |
WGU Global Economics for Managers (C211, UZC2) Sample Questions:
1. In an oligopoly with an initial agreement to maximize total profit, which statements might a firm motivated by self-interest likely make? (Choose THREE.)
A) "I should always cooperate, regardless of outcomes."
B) "If my fellow firms fail to live up to the agreement and raise production, I am better off raising production myself."
C) "Regardless of what my fellow firms do, I am better off raising production beyond the agreed-to level."
D) "I am better off reducing output below the agreed level."
E) "If my fellow firms live up to the agreement, I am better off raising production."
2. What is one characteristic of a market surplus?
A) Price is below equilibrium
B) There is upward pressure on price
C) Quantity supplied exceeds quantity demanded
D) Quantity demanded exceeds quantity supplied
3. What are represented by informal institutions?
A) Ethics
B) Regulations
C) Written laws
D) Rules
4. What is a key feature of an oligopoly?
A) Products are always homogeneous.
B) The market represents a prisoner's dilemma.
C) Firms are price takers.
D) Entry is free in the long run.
5. What is true about gross domestic product (GDP)?
A) Its year-to-year percentage change represents the inflation rate.
B) It places heavier weight on intangible services than tangible goods.
C) It includes the income of citizens working abroad.
D) It is thought to be the single best measure of a society's economic well-being.
Solutions:
| Question # 1 Answer: B,C,E | Question # 2 Answer: C | Question # 3 Answer: A | Question # 4 Answer: B | Question # 5 Answer: D |
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