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

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

Question 1

What does producer surplus measure?

A. The economic well-being of a society
B. The benefit sellers receive from participating in a market
C. The difference between the number of available goods and desired goods
D. The benefit buyers receive from participating in a market

Question 2

Point A is on the same indifference curve as Point B. What can be said about the points?

A. Point A represents a bundle that costs more than Point B.
B. The consumer's preference for bundle A is the same as for bundle B.
C. Point B represents a bundle that costs more than Point A.
D. The consumer prefers bundle A over bundle B.

Question 3

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.

Question 4

What are examples of variable costs? Choose two answers.

A. The cost of the parts used in individual devices made by a computer manufacturer
B. The monthly internet cost in a business that produces women's apparel
C. The CEO's salary for a major manufacturing firm
D. A $1,000 license fee charged by the state government to operate a shop
E. A 5% tax charged by the government on variable inputs
F. The rent paid by a magazine publisher for its creative team

Question 5

An import tariff is implemented on apples. What is the effect on domestic government revenue?

A. It increases
B. It remains unchanged
C. It becomes negative
D. It decreases

Solutions: