Excellent WGU Global Economics for Managers (C211, UZC2) exam dumps

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

1. A country has experienced a decrease in inflation. What is the effect on the country's currency exchange rate?

A) It depreciates
B) It has no effect
C) It becomes unstable
D) It increases

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

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

3. Which mode of entry is an equity-based entry mode?

A) Franchising
B) 50/50 joint ventures
C) Licensing
D) Indirect exports

4. What are examples of variable costs? Choose two answers.

A) The monthly internet cost in a business that produces women's apparel
B) The CEO's salary for a major manufacturing firm
C) The rent paid by a magazine publisher for its creative team
D) The cost of the parts used in individual devices made by a computer manufacturer
E) A 5% tax charged by the government on variable inputs
F) A $1,000 license fee charged by the state government to operate a shop

5. Barriers to entry help to create monopolies. What is a common type of barrier?

A) Elastic demand curves
B) Progressive tax structures
C) A firm purchasing competitors
D) Economies of scale in the production process

Solutions: