Download WGU : Global-Economics-for-Managers Questions & Answers as PDF & Test Software
Updated: Jun 12, 2026
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WGU Global Economics for Managers (C211, UZC2) Sample Questions:
1. What is a characteristic of a market economy?
A) It is defined by a government taking the authoritative role in the economy.
B) Factors of production are government-owned or state-owned.
C) It found a near ideal in China and the former Soviet Union during the heydays of communism.
D) The government takes a hands-off approach known as laissez-faire.
2. What is an example of a company that is market-seeking?
A) A company searching for a location where a specific type of plastic is low-cost and readily available
B) A company searching for a location where the cost of unskilled labor is low
C) A company searching for a location where there is a high interest in camping supplies
D) A company searching for a location where rocks and minerals can be mined
3. If the demand for a good is elastic, what is true?
A) The quantity demanded responds substantially to changes in the price.
B) Price and total revenue move in the same direction.
C) The quantity demanded responds only slightly to changes in the price.
D) Total revenue increases with a change in price in either direction.
4. One view of globalization claims that human civilization has always had some type of globalization.
Which view is it?
A) The short-run economic view
B) The technological convergence view
C) The long-run historical view
D) The modern institutional view
5. What is a key feature of an oligopoly?
A) Firms in an oligopoly are independent of one another, much like competitive firms.
B) There is tension between cooperation and self-interest.
C) There is little, if any, motivation for cooperation between firms.
D) The actions of any one seller in the market have little to no impact on the profits of all the other sellers.
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: C | Question # 3 Answer: A | Question # 4 Answer: C | Question # 5 Answer: B |
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