[Q17-Q36] Free Global-Economics-for-Managers Exam Files Downloaded Instantly UPDATED [2026]

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Free Global-Economics-for-Managers Exam Files Downloaded Instantly UPDATED [2026]

100% Pass Guaranteed Free Global-Economics-for-Managers Exam Dumps

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

Section	Weight	Objectives
Topic 1: Macroeconomics for Managers	10%	– Economic Indicators and Policies 1. Fiscal and monetary policy impacts 2. GDP, inflation, unemployment, business cycles
Topic 2: Foundations of Global Economics	20%	– Economic Systems and Institutions 1. Market, command, and mixed economies 2. Political, legal, and cultural frameworks – Views on Globalization 1. Drivers and consequences of globalization 2. New view, Evolutionary view, Pendulum view
Topic 3: Foreign Direct Investment and Global Strategy	20%	– Foreign Direct Investment (FDI) 1. Theories of FDI, costs and benefits 2. Location advantages and entry modes – Global Business Strategy 1. Porter’s Diamond model 2. Strategic positions: Defender, Extender, Contender, Dodger
Topic 4: International Trade Theory and Policy	25%	– Classical and Modern Trade Theories 1. Heckscher-Ohlin, Product life-cycle, Strategic trade theory 2. Absolute advantage, Comparative advantage – Trade Policies and Barriers 1. Tariffs, quotas, subsidies, embargoes 2. Economic integration: EU, USMCA, ASEAN
Topic 5: Global Finance and Monetary Systems	25%	– Balance of Payments and International Monetary System 1. Fixed vs floating exchange rates, IMF, World Bank 2. Current account, capital account, official reserves – Foreign Exchange Markets 1. Exchange rate determination, currency regimes 2. Hedging and risk management

QUESTION 17
Which statement about the GDP deflator is true?

Its percentage change from one year to the next is the inflation rate.

It is a more reliable indicator of economic well-being than real GDP.

It includes fewer core economic measurements than GDP.

It follows a nearly strict decreasing pattern from a base year.

QUESTION 18
If the demand for a good is inelastic, what is true?

Quantity demanded responds substantially to price changes

Quantity demanded responds only slightly to price changes

Price and total revenue move in opposite directions

Consumers are highly sensitive to price changes

QUESTION 19
Which good tends to have elastic demand?

A good with close substitutes

A good with many complements

A good that is tangible

A good with few complements

QUESTION 20
What are examples of intellectual property? (Choose TWO.)

A patent

A trademark

A subsidy

A tariff

QUESTION 21
Which term best describes a market structure of limited competition in which the market is shared by a small number of sellers?

Monopoly

Monopolistic competition

Oligopoly

Perfect competition

QUESTION 22
The benefit attributed to firms that enter a market before other firms in the same market segment is best described by which term?

Late-mover advantage

Competitive neutrality

First-mover advantage

Economies of scope

QUESTION 23
Which term best describes an economic condition in which a nation exports more than it imports?

Trade surplus

Mercantilism

Trade deficit

Resource mobility

QUESTION 24
When is it best for a firm to decrease production?

When marginal cost is greater than marginal revenue.

When total revenue is greater than total cost.

When the average variable cost is less than the price of a unit after a short-term stop.

When the price of a unit covers the average variable cost after a short-term stop.

QUESTION 25
Managers and firms rationally pursue their interests and make choices within institutional constraints.
Which situation illustrates this proposition of the institution-based view of global business?

A firm increases advertising to boost brand awareness.

A firm lowers prices to gain market share.

A multinational relocates production after a minimum wage increase.

A firm introduces a new product due to consumer trends.

QUESTION 26
What is an example of a company that is market-seeking?

A company searching for a location where a specific type of plastic is low-cost and readily available

A company searching for a location where rocks and minerals can be mined

A company searching for a location where there is a high interest in camping supplies

A company searching for a location where the cost of unskilled labor is low

QUESTION 27
Which characteristic is attributed to totalitarianism?

It contains some political risk, but risk that is qualitatively lower than in other political systems.

It prizes an individual’s right to freedom of expression and organization.

It gives citizens the right to elect representatives to govern on their behalf.

It delegates absolute political control over the population to one person or party.

QUESTION 28
What happens when the Federal Reserve increases the money supply?

The aggregate demand curve shifts to the left

The aggregate supply curve shifts to the right

The aggregate demand curve shifts to the right

The aggregate supply curve shifts to the left

QUESTION 29
When supply decreases and demand stays the same, what happens to the equilibrium point of price and quantity? Choose two answers.

Price increases.

Price decreases.

Quantity remains the same.

Quantity increases.

Quantity decreases.

Price remains the same.

QUESTION 30
What is a tariff levied on imports that are selling below cost in order to unfairly drive domestic firms out of business?

Factor endowment

Deadweight cost

Antidumping duty

Opportunity cost

QUESTION 31
Which statements concerning property rights are true? (Choose TWO.)

Securing property rights results in industries that employ little fixed capital and avoid long-term investment.

Insecure property rights bode well in global competition where firms benefit from economies of scale and sustained R&D.

Protection of property rights is commonly recognized as a major factor in allowing developing countries to make gains toward economic progress.

Developing countries can achieve economic growth even without securing property rights.

The primary purpose of establishing property rights is to provide economic benefit to society as a whole.

Property rights are the legal rights regarding the use of an economic resource and for deriving income and benefits from it.

QUESTION 32
Which mode of entry is an equity-based entry mode?

Franchising

50/50 joint ventures

Licensing

Indirect exports

QUESTION 33
In an oligopoly with an initial agreement to maximize total profit, which statements might a firm motivated by self-interest likely make? (Choose THREE.)

“If my fellow firms live up to the agreement, I am better off raising production.”

“If my fellow firms fail to live up to the agreement and raise production, I am better off raising production myself.”

“Regardless of what my fellow firms do, I am better off raising production beyond the agreed-to level.”

“I am better off reducing output below the agreed level.”

“I should always cooperate, regardless of outcomes.”

QUESTION 34
Which scenario most likely describes a late mover?

A company is able to erect significant barriers for other entrants.

A company gains advantage through proprietary technology.

A company makes preemptive investments.

A company faces fewer market uncertainties.

QUESTION 35
What are characteristics of monopolistic competition? (Choose THREE.)

Many sellers

Product differentiation

Free entry and exit

One seller

Homogeneous products

QUESTION 36
The marginal cost of producing a computer is $600, but the marginal revenue is $1,000. What is the best action for the respective firm?

Decrease production

Exit the market

Increase production

Pause production