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

1. What are three characteristics of industries primed for collusion? (Choose THREE.)

A) Homogeneous products
B) Free entry and exit
C) High product differentiation
D) A small number of rivals
E) A price leader
F) Perfect information for consumers

2. Which company has a natural resource-seeking strategic goal?

A) A company searching for a location with a large consumer market
B) A company searching for a location where labor costs are low
C) A company searching for a location with advanced technology clusters
D) A company searching for a location where there is an abundance of oil

3. Which statement about the GDP deflator is true?

A) It is a more reliable indicator of economic well-being than real GDP.
B) It includes fewer core economic measurements than GDP.
C) Its percentage change from one year to the next is the inflation rate.
D) It follows a nearly strict decreasing pattern from a base year.

4. What is true about tariffs?

A) They increase consumer surplus
B) They eliminate deadweight loss
C) They lower domestic prices below world prices
D) They allow the government to raise revenue

5. Which pillar of formal institutions represents the coercive power of governments?

A) Normative
B) Cognitive
C) Regulatory
D) Cultural

Solutions: