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All the TestkingPass WGU Global-Economics-for-Managers practice questions are real and based on actual WGU Global Economics for Managers (C211, UZC2) (Global-Economics-for-Managers) exam topics. The web-based WGU Global Economics for Managers (C211, UZC2) (Global-Economics-for-Managers) practice test is compatible with all operating systems like Mac, IOS, Android, and Windows. Because of its browser-based WGU Global Economics for Managers (C211, UZC2) (Global-Economics-for-Managers) practice exam, it requires no installation to proceed further. Similarly, Chrome, IE, Firefox, Opera, Safari, and all the major browsers support the WGU Global Economics for Managers (C211, UZC2) (Global-Economics-for-Managers) practice test.
Pass Guaranteed Valid WGU - Valid Global-Economics-for-Managers Test GuideIf you want to get a desirable opposition and then achieve your career dream, you are a right place now. Our Global-Economics-for-Managers Study Tool can help you pass the exam. So, don't be hesitate, choose the Global-Economics-for-Managers test torrent and believe in us. Let's strive to our dreams together. Life is short for us, so we all should cherish our life. Our WGU Global Economics for Managers (C211, UZC2) guide torrent can help you to save your valuable time and let you have enough time to do other things you want to do. WGU Global Economics for Managers (C211, UZC2) Sample Questions (Q33-Q38):NEW QUESTION # 33
Which goods have a positive cross-price elasticity?
A. Substitutes
B. Normal goods
C. Shortage goods
D. Complements
Answer: A
Explanation:
InGlobal Economics for Managers,substitute goodshave apositive cross-price elasticity of demand, making option C correct. Cross-price elasticity measures how the quantity demanded of one good responds to a change in the price of another good.
For substitutes, an increase in the price of one good leads consumers to switch to the alternative, increasing demand for the substitute. This positive relationship results in a positive cross-price elasticity. Examples include tea and coffee or butter and margarine.
Complements have negative cross-price elasticity, normal goods relate to income elasticity, and "shortage goods" is not an elasticity classification.
Thus, option C is correct.
NEW QUESTION # 34
Which changes increase demand? (Choose TWO.)
A. A decrease in the price of a complement
B. An increase in the price of the good itself
C. A decrease in consumer income for a normal good
D. An increase in the price of a substitute
Answer: A,D
Explanation:
InGlobal Economics for Managers, demand for a good increases when factors other than its own price change in a favorable direction. Two such changes arean increase in the price of a substituteanda decrease in the price of a complement, making options A and B correct.
When the price of asubstituterises, consumers switch toward the relatively cheaper alternative, increasing demand for the good in question. For example, if the price of coffee increases, demand for tea may rise.
When the price of acomplementfalls, consumers are more likely to purchase both goods together, increasing demand. For instance, a decrease in the price of printers raises demand for printer ink.
Options C and D reduce demand rather than increase it.
Thus, A and B correctly identify changes that increase demand.
NEW QUESTION # 35
Direct exports have which advantage?
A. Full control over foreign distribution
B. Capitalization of economies of scale in production in the home country
C. Lower transportation costs
D. Elimination of exchange rate risk
Answer: B
Explanation:
InGlobal Economics for Managers,direct exportingallows firms tocapitalize on economies of scale in production in the home country, making option B correct.
By concentrating production domestically, firms can achieve lower average costs, maintain quality control, and leverage existing facilities and expertise. Direct exporting avoids the fixed costs of establishing foreign production facilities.
Options A, C, and D are incorrect because exporting typically involves transportation costs, limited distribution control, and exposure to exchange rate risk.
Thus, option B correctly identifies a key advantage of direct exporting.
NEW QUESTION # 36
What does the term resource mobility describe?
A. An economic condition in which a nation exports more than it imports
B. The idea that market forces should determine how much to trade with little or no government intervention
C. The idea that governments should actively defend domestic industries from imports and vigorously promote the export of resources
D. The assumption that a resource removed from one industry can be moved to another
Answer: D
Explanation:
InGlobal Economics for Managers,resource mobilityrefers tothe assumption that a resource removed from one industry can be moved to another, making option B the correct answer. Resource mobility is a core microeconomic concept that explains how factors of production-such as labor, capital, and land-can be reallocated across different uses in response to changes in economic conditions.
This concept is especially important in both domestic and international trade analysis. When trade patterns change due to globalization, technological progress, or policy shifts, some industries expand while others contract. Resource mobility determines how easily workers, machines, and capital can shift from declining industries to growing ones. High resource mobility allows an economy to adjust efficiently, minimizing long- term unemployment and production losses.
Option A describesfree trade ideology, not resource mobility. Option C defines atrade surplus, which relates to a country's balance of trade rather than factor movement. Option D reflectsprotectionism, a policy stance that restricts trade and is unrelated to the movement of resources between industries.
Global Economics for Managershighlights that resource mobility is often assumed in economic models to simplify analysis, but in reality, mobility can be limited. Skills may not transfer easily across industries, capital may be industry-specific, and geographic or institutional barriers can slow adjustment. These limitations explain why trade liberalization can create short-run adjustment costs even when long-run gains are positive.
For managers, understanding resource mobility is critical when making strategic decisions about investment, workforce planning, and location. Firms operating in dynamic global markets benefit when resources can be redeployed quickly in response to price signals and competitive pressures. Therefore, option B precisely captures the meaning and importance of resource mobility within microeconomic and macroeconomic principles.
NEW QUESTION # 37
What is one of the OLI advantages outlined by John Dunning for why firms become multinational enterprises by engaging in foreign direct investment?
A. Ownership advantages
B. Internalization advantages
C. Competitive neutrality
D. Location advantages
Answer: B
Explanation:
InGlobal Economics for Managers, John Dunning'sOLI frameworkexplains why firms engage in foreign direct investment (FDI). One of its three components isinternalization advantages, making option C correct.
Internalization advantages arise when a firm finds it more efficient toconduct business activities internally rather than through market transactions such as licensing or outsourcing. By internalizing operations, firms can reduce transaction costs, protect proprietary knowledge, maintain quality control, and avoid contractual disputes.
The OLI framework consists of:
* Ownership advantages: firm-specific assets such as technology or brand reputation
* Location advantages: benefits of operating in a particular country
* Internalization advantages: gains from keeping activities within the firm When all three advantages are present, firms are more likely to pursue FDI rather than exporting or licensing.
Option D is not part of the OLI framework. Thus, option C is correct.
NEW QUESTION # 38
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