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Updated: Aug 12, 2026
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WGU Global-Economics-for-Managers Exam Overview:
| Certification Vendor: | WGU (Western Governors University) |
| Exam Name: | Global Economics for Managers |
| Exam Number: | C211 / UZC2 |
| Related Certifications: | Master of Business Administration (MBA) |
| Available Languages: | English |
| Exam Format: | Multiple Choice, Scenario-Based |
| Exam Price: | Included in tuition |
| Certificate Validity Period: | N/A |
| Sample Questions: | WGU Global-Economics-for-Managers Sample Questions |
| Exam Way: | Online Proctored Objective Assessment (OA) |
| Pre Condition: | Enrollment in WGU MBA program |
| Official Syllabus URL: | https://www.wgu.edu/online-business-degrees/mba-masters-business-administration-program.html |
WGU Global-Economics-for-Managers Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Competency 3: Economic Decision-Making by Firms and Customers | - Firm Behavior Under Different Market Structures (Perfect Competition, Monopoly, Oligopoly) - Consumer Behavior (Budget Constraint, Indifference Curves) |
| Competency 1: International Trade and Currency Exchange | - Impact of Interest Rates on Financial Flows and Exchange Rates - Introduction to International Trade Theories - Currency Exchange Rate Determination |
| Competency 2: Political and Economic Forces | - Market Economy vs. Command Economy - Property Rights and the Rule of Law |
| Key Topics Across All Competencies | - Elastic vs. Inelastic Goods - Supply and Demand Shifts - Foreign Direct Investment (FDI) Impacts - Global Business Strategies and Porter's Framework - Currency Appreciation and Depreciation - International Trade Policies (Tariffs, Quotas) |
WGU Global Economics for Managers (C211, UZC2) Sample Questions:
1. When is it best for a firm to restart production?
A) When total cost is greater than total revenue
B) When marginal cost is greater than marginal revenue
C) When total variable costs are less than total revenue after a short-term stop
D) When total revenue is less than total cost
2. What are common types of barriers to entry that can cause a monopoly? (Choose TWO.)
A) Employee unions
B) Government regulations prohibiting foreign investment
C) A firm purchasing competitors
D) Government regulations granting exclusive production rights
E) Economies of scale in the production process
F) Elastic demand curves
3. If the demand for a good is elastic, what is true?
A) The quantity demanded responds only slightly to changes in the price.
B) Price and total revenue move in the same direction.
C) Total revenue increases with a change in price in either direction.
D) The quantity demanded responds substantially to changes in the price.
4. Which goods have a positive cross-price elasticity?
A) Complements
B) Normal goods
C) Shortage goods
D) Substitutes
5. When supply increases and demand stays the same, what happens to the equilibrium point of price and quantity?
A) Quantity increases
B) Quantity decreases
C) Price remains the same
D) Price increases
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: D,E | Question # 3 Answer: D | Question # 4 Answer: D | Question # 5 Answer: A |
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