WGU C211 Global Economics Practice Exam (Original)
100 original practice MCQs with answers.
Question 1
Which statement best describes comparative advantage?
A. It is best understood by the stated economic principle.
B. It always increases inflation.
C. It applies only to command economies.
D. It has no effect on economic outcomes.
Answer: A
Question 2
Which statement best describes gdp?
A. It is best understood by the stated economic principle.
B. It always increases inflation.
C. It applies only to command economies.
D. It has no effect on economic outcomes.
Answer: A
Question 3
Which statement best describes inflation?
A. It is best understood by the stated economic principle.
B. It always increases inflation.
C. It applies only to command economies.
D. It has no effect on economic outcomes.
Answer: A
Question 4
Which statement best describes monetary policy?
A. It is best understood by the stated economic principle.
B. It always increases inflation.
C. It applies only to command economies.
D. It has no effect on economic outcomes.
Answer: A
,Question 5
Which statement best describes fiscal policy?
A. It is best understood by the stated economic principle.
B. It always increases inflation.
C. It applies only to command economies.
D. It has no effect on economic outcomes.
Answer: A
Question 6
Which statement best describes exchange rates?
A. It is best understood by the stated economic principle.
B. It always increases inflation.
C. It applies only to command economies.
D. It has no effect on economic outcomes.
Answer: A
Question 7
Which statement best describes trade?
A. It is best understood by the stated economic principle.
B. It always increases inflation.
C. It applies only to command economies.
D. It has no effect on economic outcomes.
Answer: A
Question 8
Which statement best describes elasticity?
A. It is best understood by the stated economic principle.
B. It always increases inflation.
C. It applies only to command economies.
D. It has no effect on economic outcomes.
Answer: A
Question 9
Which statement best describes externalities?
A. It is best understood by the stated economic principle.
B. It always increases inflation.
C. It applies only to command economies.
, D. It has no effect on economic outcomes.
Answer: A
Question 10
Which statement best describes development?
A. It is best understood by the stated economic principle.
B. It always increases inflation.
C. It applies only to command economies.
D. It has no effect on economic outcomes.
Answer: A
Question 11
Which statement best describes comparative advantage?
A. It is best understood by the stated economic principle.
B. It always increases inflation.
C. It applies only to command economies.
D. It has no effect on economic outcomes.
Answer: A
Question 12
Which statement best describes gdp?
A. It is best understood by the stated economic principle.
B. It always increases inflation.
C. It applies only to command economies.
D. It has no effect on economic outcomes.
Answer: A
Question 13
Which statement best describes inflation?
A. It is best understood by the stated economic principle.
B. It always increases inflation.
C. It applies only to command economies.
D. It has no effect on economic outcomes.
Answer: A
Question 14
Which statement best describes monetary policy?
100 original practice MCQs with answers.
Question 1
Which statement best describes comparative advantage?
A. It is best understood by the stated economic principle.
B. It always increases inflation.
C. It applies only to command economies.
D. It has no effect on economic outcomes.
Answer: A
Question 2
Which statement best describes gdp?
A. It is best understood by the stated economic principle.
B. It always increases inflation.
C. It applies only to command economies.
D. It has no effect on economic outcomes.
Answer: A
Question 3
Which statement best describes inflation?
A. It is best understood by the stated economic principle.
B. It always increases inflation.
C. It applies only to command economies.
D. It has no effect on economic outcomes.
Answer: A
Question 4
Which statement best describes monetary policy?
A. It is best understood by the stated economic principle.
B. It always increases inflation.
C. It applies only to command economies.
D. It has no effect on economic outcomes.
Answer: A
,Question 5
Which statement best describes fiscal policy?
A. It is best understood by the stated economic principle.
B. It always increases inflation.
C. It applies only to command economies.
D. It has no effect on economic outcomes.
Answer: A
Question 6
Which statement best describes exchange rates?
A. It is best understood by the stated economic principle.
B. It always increases inflation.
C. It applies only to command economies.
D. It has no effect on economic outcomes.
Answer: A
Question 7
Which statement best describes trade?
A. It is best understood by the stated economic principle.
B. It always increases inflation.
C. It applies only to command economies.
D. It has no effect on economic outcomes.
Answer: A
Question 8
Which statement best describes elasticity?
A. It is best understood by the stated economic principle.
B. It always increases inflation.
C. It applies only to command economies.
D. It has no effect on economic outcomes.
Answer: A
Question 9
Which statement best describes externalities?
A. It is best understood by the stated economic principle.
B. It always increases inflation.
C. It applies only to command economies.
, D. It has no effect on economic outcomes.
Answer: A
Question 10
Which statement best describes development?
A. It is best understood by the stated economic principle.
B. It always increases inflation.
C. It applies only to command economies.
D. It has no effect on economic outcomes.
Answer: A
Question 11
Which statement best describes comparative advantage?
A. It is best understood by the stated economic principle.
B. It always increases inflation.
C. It applies only to command economies.
D. It has no effect on economic outcomes.
Answer: A
Question 12
Which statement best describes gdp?
A. It is best understood by the stated economic principle.
B. It always increases inflation.
C. It applies only to command economies.
D. It has no effect on economic outcomes.
Answer: A
Question 13
Which statement best describes inflation?
A. It is best understood by the stated economic principle.
B. It always increases inflation.
C. It applies only to command economies.
D. It has no effect on economic outcomes.
Answer: A
Question 14
Which statement best describes monetary policy?
