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

1. What is a key feature of an oligopoly?

A) Entry is free in the long run.
B) Firms are price takers.
C) Products are always homogeneous.
D) The market represents a prisoner's dilemma.

2. When confronting MNEs, the extender strategy centers on what?

A) Engaging in rapid learning and then expanding overseas
B) Cooperating through joint ventures (JVs) with MNEs and sell-offs to MNEs
C) Leveraging homegrown competencies abroad
D) Leveraging local assets in areas in which MNEs are weak

3. Which statement describes turnkey projects?

A) Two companies agree to mutually refer customers.
B) Two or more parent companies create and own a new entity.
C) Companies build new factories and offices from scratch.
D) Clients pay contractors to design and construct new facilities and train personnel.

4. What is one example of something a copyright is used to protect?

A) The shape of a new invention
B) The design of a logo
C) The name of a brand
D) The content of a book

5. Which changes increase demand? (Choose TWO.)

A) A decrease in consumer income for a normal good
B) An increase in the price of the good itself
C) An increase in the price of a substitute
D) A decrease in the price of a complement

Solutions: