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

1. What is one of the four strategic goals of firms looking for potential locations?

A) Competition-seeking
B) Scale-seeking
C) Profit-seeking
D) Market-seeking

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

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

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

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

4. What is one of the elements of the Porter Diamond in the theory of national competitive advantage of industries?

A) Domestic demand conditions
B) Firm opportunity costs
C) Trade deficits
D) Foreign supply markets

5. What are represented by informal institutions?

A) Regulations
B) Ethics
C) Written laws
D) Rules

Solutions: