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

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

Question 1

If the demand for a good is elastic, what is true?

A. Total revenue increases with a change in price in either direction.
B. The quantity demanded responds substantially to changes in the price.
C. Price and total revenue move in the same direction.
D. The quantity demanded responds only slightly to changes in the price.

Question 2

Which statement is a description of theocratic law?

A. It is a legal system that is the oldest, most influential, and most widely distributed in the world.
B. It is a legal system based on religious teachings and dogma.
C. It is a legal system that is shaped by precedents and traditions from previous judicial decisions.
D. It is a legal system that uses comprehensive statutes and codes as a primary means to form legal judgments.

Question 3

Which GDP component is affected when a parent pays for a child's college education?

A. Investment
B. Net exports
C. Consumption
D. Government purchases

Question 4

Which transaction is included in the consumption component of GDP?

A. A government builds a highway
B. A company exports automobiles
C. A firm purchases new machinery
D. A person pays for a haircut

Question 5

What is true about forward transactions?

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

Solutions: