WGU C211 – Global Economics for Managers Objective
Assessment (OA) | Questions and Answers | 2026 Updates |
100% correct
Correct
Incorrect
Questions and Answers
cost
, Formula to calculate average cost Formula to calculate variable cost per
unit
Don't know?
2 of 136
Definition
(1) managers and firms rationally pursue their interests and make
choices within institutional constraints (bounded rationality)
(2) in situations where formal constraints are unclear or fail, informal
constraints play a larger role in reducing uncertainty and providing
constancy to managers and firms (personal relationships and
connections)
Give this one a try later!
What core propositions lie at Where do firms with market power
the root of the institution based determine the quantity of
view on global business? product/service they will produce?
Why are transfer payments such as
How are supply and demand related
social security not counted in
to the exchange rate of a country?
government expenditures?
Don't know?
3 of 136
,Term
How is global business affected by totalitarianism?
Give this one a try later!
These countries often
experience wars, riots, protests, They tend to have lower political risk
chaos, and breakdowns, which due to strict regulations.
result in higher political risk.
Business thrives in a controlled and These countries often experience
predictable environment. economic stability and growth.
Don't know?
4 of 136
Definition
A transaction, such as forward transactions, that protects traders and
investors from exposure to the fluctuations of the spot rate.
Give this one a try later!
Transfer Hedging
Buffering Diversification
, Don't know?
5 of 136
Definition
A measure of how much the quantity demanded of a good responds to
a change in the price of that good, computed as the percentage
change in quantity demanded divided by the percentage change in
price
Give this one a try later!
Price elasticity of demand Price elasticity of supply
Tariff. Income elasticity of demand
Don't know?
6 of 136
Definition
The fraction of total deposits that a bank holds as reserves.
Give this one a try later!
Assessment (OA) | Questions and Answers | 2026 Updates |
100% correct
Correct
Incorrect
Questions and Answers
cost
, Formula to calculate average cost Formula to calculate variable cost per
unit
Don't know?
2 of 136
Definition
(1) managers and firms rationally pursue their interests and make
choices within institutional constraints (bounded rationality)
(2) in situations where formal constraints are unclear or fail, informal
constraints play a larger role in reducing uncertainty and providing
constancy to managers and firms (personal relationships and
connections)
Give this one a try later!
What core propositions lie at Where do firms with market power
the root of the institution based determine the quantity of
view on global business? product/service they will produce?
Why are transfer payments such as
How are supply and demand related
social security not counted in
to the exchange rate of a country?
government expenditures?
Don't know?
3 of 136
,Term
How is global business affected by totalitarianism?
Give this one a try later!
These countries often
experience wars, riots, protests, They tend to have lower political risk
chaos, and breakdowns, which due to strict regulations.
result in higher political risk.
Business thrives in a controlled and These countries often experience
predictable environment. economic stability and growth.
Don't know?
4 of 136
Definition
A transaction, such as forward transactions, that protects traders and
investors from exposure to the fluctuations of the spot rate.
Give this one a try later!
Transfer Hedging
Buffering Diversification
, Don't know?
5 of 136
Definition
A measure of how much the quantity demanded of a good responds to
a change in the price of that good, computed as the percentage
change in quantity demanded divided by the percentage change in
price
Give this one a try later!
Price elasticity of demand Price elasticity of supply
Tariff. Income elasticity of demand
Don't know?
6 of 136
Definition
The fraction of total deposits that a bank holds as reserves.
Give this one a try later!
