WGU C211 Global Economics for Managers Actual Exam
2026-2027 OA WITH COMPLETE QUESTIONS AND
CORRECT ANSWERS\VERIFIEDC 100% ALREADY
GRADED A+
Average total cost
Total cost divided by the quantity of output
ATC = TC / Q
Average variable cost
Variable cost divided by the quantity of output AVC = VC/Q
Balance of payments
a country's international transaction statement.
Balance of Trade
The aggregation of importing and exporting that leads to the
country-level trade surplus or deficit.
,Bank Capital
the resources a bank's owners have put into the institution
Bargaining Power
Ability to extract favorable outcome from negotiations due to
one party's strengths.
Base of the Pyramid
Economies where people make less than $2,000 per capita per
year.
,Beijing Consensus
A view that questions Washington Consensus' belief in the
superiority of private ownership over state ownership in
economic policy making, which is often associated with the
position held by the Chinese government.
Bid rate
the price offered to buy a currency.
Blue Ocean Strategy
Strategy that focuses on developing new markets ("blue
ocean") and avoids attacking core markets defended by rivals,
which is likely to result in a bloody price war or a "red ocean."
Bounded Rationality
The necessity of making rational decisions in the absence of
complete information.
Bretton Woods system
a system in which all currencies were pegged at a fixed rate to the
U.S. dollar.
, BRIC
Brazil, Russia, India, and China.
Budget Constraint
the limit on the consumption bundles that a consumer can afford
Build-operate-transfer (BOT) agreement
a non-equity mode of entry used to build a longer-term presence.
Capacity to Punish
Sufficient resources possessed by a price leader to deter and
combat defection.
2026-2027 OA WITH COMPLETE QUESTIONS AND
CORRECT ANSWERS\VERIFIEDC 100% ALREADY
GRADED A+
Average total cost
Total cost divided by the quantity of output
ATC = TC / Q
Average variable cost
Variable cost divided by the quantity of output AVC = VC/Q
Balance of payments
a country's international transaction statement.
Balance of Trade
The aggregation of importing and exporting that leads to the
country-level trade surplus or deficit.
,Bank Capital
the resources a bank's owners have put into the institution
Bargaining Power
Ability to extract favorable outcome from negotiations due to
one party's strengths.
Base of the Pyramid
Economies where people make less than $2,000 per capita per
year.
,Beijing Consensus
A view that questions Washington Consensus' belief in the
superiority of private ownership over state ownership in
economic policy making, which is often associated with the
position held by the Chinese government.
Bid rate
the price offered to buy a currency.
Blue Ocean Strategy
Strategy that focuses on developing new markets ("blue
ocean") and avoids attacking core markets defended by rivals,
which is likely to result in a bloody price war or a "red ocean."
Bounded Rationality
The necessity of making rational decisions in the absence of
complete information.
Bretton Woods system
a system in which all currencies were pegged at a fixed rate to the
U.S. dollar.
, BRIC
Brazil, Russia, India, and China.
Budget Constraint
the limit on the consumption bundles that a consumer can afford
Build-operate-transfer (BOT) agreement
a non-equity mode of entry used to build a longer-term presence.
Capacity to Punish
Sufficient resources possessed by a price leader to deter and
combat defection.
