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Updated: Sep 17, 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 |
| Exam Price: | Included in tuition |
| Related Certifications: | Master of Business Administration (MBA) |
| Exam Format: | Multiple Choice, Scenario-Based |
| Available Languages: | English |
| 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 |
|---|---|
| Topic 1: Competency 2: Political and Economic Forces | - Property Rights and the Rule of Law - Market Economy vs. Command Economy |
| Topic 2: Competency 1: International Trade and Currency Exchange | - Impact of Interest Rates on Financial Flows and Exchange Rates - Currency Exchange Rate Determination - Introduction to International Trade Theories |
| Topic 3: 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) |
| Topic 4: Key Topics Across All Competencies | - Elastic vs. Inelastic Goods - Foreign Direct Investment (FDI) Impacts - Global Business Strategies and Porter's Framework - Currency Appreciation and Depreciation - Supply and Demand Shifts - International Trade Policies (Tariffs, Quotas) |
WGU Global Economics for Managers (C211, UZC2) Sample Questions:
What is a characteristic of common law as compared to civil law?
- A. Common law is based on religious teachings.
- B. Common law is more reliant on precedents from previous judicial decisions.
- C. Common law minimizes the role of judges.
- D. Common law relies primarily on comprehensive statutes and codes.
Correct Answer: B 🗳️
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What are common types of barriers to entry that can cause a monopoly? (Choose TWO.)
- A. A firm purchasing competitors
- B. Economies of scale in the production process
- C. Government regulations prohibiting foreign investment
- D. Elastic demand curves
- E. Government regulations granting exclusive production rights
- F. Employee unions
Correct Answer: B,E 🗳️
Explanation: Only visible for BraindumpQuiz members. You can sign-up / login (it's free).
What are represented by formal institutions?
- A. Social norms
- B. Cultural beliefs
- C. Laws
- D. Traditions
Correct Answer: C 🗳️
Explanation: Only visible for BraindumpQuiz members. You can sign-up / login (it's free).
What is a key feature of an oligopoly?
- A. There is tension between cooperation and self-interest.
- B. Firms in an oligopoly are independent of one another, much like competitive firms.
- C. The actions of any one seller in the market have little to no impact on the profits of all the other sellers.
- D. There is little, if any, motivation for cooperation between firms.
Correct Answer: A 🗳️
Explanation: Only visible for BraindumpQuiz members. You can sign-up / login (it's free).
Which statement is a description of theocratic law?
- A. It is a legal system that is the oldest, most influential, and most widely distributed in the world.
- B. It is a legal system that uses comprehensive statutes and codes as a primary means to form legal judgments.
- C. It is a legal system that is shaped by precedents and traditions from previous judicial decisions.
- D. It is a legal system based on religious teachings and dogma.
Correct Answer: D 🗳️
Explanation: Only visible for BraindumpQuiz members. You can sign-up / login (it's free).
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