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

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

1. What is one of the OLI advantages outlined by John Dunning for why firms become multinational enterprises by engaging in foreign direct investment?

A) Location advantages
B) Internalization advantages
C) Competitive neutrality
D) Ownership advantages

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

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

3. What is true about tariffs?

A) They increase the domestic quantity demanded.
B) They encourage consumers to reduce their consumption.
C) They increase the quantity of imports.
D) They lower the price of affected imported goods below the world price.

4. What is an example of a transaction accounted for in the net exports component of GDP?

A) A person buys food.
B) A couple buys a new house.
C) A member of Congress is paid a salary.
D) A person buys a car from a different country.

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

A) Antidumping duty
B) Opportunity cost
C) Factor endowment
D) Deadweight cost

Solutions: