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

1. Which statement characterizes an institution-based view of global business?

A) Firm behaviors are the outcome of interactions between institutions and firms.
B) Institutions, not firms, are the sole factor in explaining individual behavior.
C) Financial motivations are excluded from consideration in explaining the interactions between institutions and firms.
D) Government regulations are the primary driver of institutional change.

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

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

3. An institution-based view of global business focuses on the specific relationship between which two entities?

A) Customers and firms
B) Firms and governments
C) Firms and institutions
D) Customers and institutions

4. What are examples of intellectual property? (Choose TWO.)

A) A trademark
B) A patent
C) A subsidy
D) A tariff

5. What is true about tariffs?

A) They lower the price of affected imported goods below the world price.
B) They increase the quantity of imports.
C) They encourage consumers to reduce their consumption.
D) They increase the domestic quantity demanded.

Solutions: