WGU Global Economics for Managers (C211, UZC2) : Global-Economics-for-Managers

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

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

Question #1
When is it best for a firm to restart production?

A. When total variable costs are less than total revenue after a short-term stop
B. When total revenue is less than total cost
C. When marginal cost is greater than marginal revenue
D. When total cost is greater than total revenue

Question #2
What is one of the OLI advantages outlined by John Dunning for why firms become multinational enterprises by engaging in foreign direct investment?

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

Question #3
Which mode of entry is an equity-based entry mode?

A. Indirect exports
B. Franchising
C. 50/50 joint ventures
D. Licensing

Question #4
What does producer surplus measure?

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

Question #5
The marginal revenue from producing a smartphone is $200, and the marginal cost is $150. What is the best action for the firm?

A. Pause production
B. Increase production
C. Decrease production
D. Exit the market altogether

Solutions: