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

1. Which strategy for responding to multinational enterprises is appropriate in a situation in which there is low industry pressure to globalize and competitive assets are customized to home markets?

A) Contender strategy
B) Responder strategy
C) Retainer strategy
D) Defender strategy

2. Which quantity measures the market value of all final goods and services produced within a country in a given period of time?

A) Gross national income (GNI)
B) Net domestic product (NDP)
C) National disposable income
D) Gross domestic product (GDP)

3. Which methods does the Federal Reserve use to alter reserve quantities? Choose three answers.

A) Raising income tax rates
B) Buying bonds
C) Raising inflation
D) Raising the discount rate
E) Selling bonds
F) Selling stock shares

4. What happens when the Federal Reserve increases the money supply?

A) The aggregate demand curve shifts to the left
B) The aggregate supply curve shifts to the right
C) The aggregate demand curve shifts to the right
D) The aggregate supply curve shifts to the left

5. What is an example of a company that is market-seeking?

A) A company searching for a location where a specific type of plastic is low-cost and readily available
B) A company searching for a location where rocks and minerals can be mined
C) A company searching for a location where there is a high interest in camping supplies
D) A company searching for a location where the cost of unskilled labor is low

Solutions: