Real WGU Global-Economics-for-Managers practice exam questions for easy pass!
Updated: Jun 06, 2026
No. of Questions: 136 Questions & Answers with Testing Engine
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1. What is one of the three primary types of foreign exchange transactions?
A) Hedging transactions
B) Forward transactions
C) Spot transactions
D) Arbitrage transactions
2. Which statement is true for a monopoly firm, but not for a competitive firm?
A) The marginal revenue is less than its price.
B) The marginal revenue equals the price.
C) Economic profit is zero in the long run.
D) The firm is a price taker.
3. Which protection of intellectual property is used for the design of a logo?
A) Trade secret
B) Trademark
C) Patent
D) Copyright
4. What is a characteristic of a market economy?
A) It is in place in most of the world's countries.
B) It emphasizes private ownership of all factors of production.
C) It gives the government the primary authoritative role in the economy.
D) It leaves the planning of supply, demand, and pricing to the government.
5. What is one of the elements of the Porter Diamond in the theory of national competitive advantage of industries?
A) Trade deficits
B) Foreign supply markets
C) Domestic demand conditions
D) Firm opportunity costs
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A | Question # 3 Answer: B | Question # 4 Answer: B | Question # 5 Answer: C |
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