WGU C211 Exam Prep for OA Newest 2024
Complete Exam 70 Questions with Correct
Verified Answers/ Graded A+
Which of the following industry characteristic makes collusion difficult? -
Correct Answer - Low entry barriers
Which of the following situation represents the LOWEST intensity of rivalry
between two companies? - Correct Answer - Low resource similarity and
high market commonality
How do firms create value when engaging rivals? - Correct Answer - Hold a
dominant position in key markets.
Launch products in multiple markets.
Secure patents on key products.
What is an indifference curve? - Correct Answer - A line which shows all the
combinations of goods which will make me equally happy
It allows us to compare multiple purchasing decisions at once
What are the four properties of an indifference curve? - Correct Answer - 1)
Higher Indifference Curves are Preferred to Lower Ones
2) Indifference Curves are Downward Sloping
3) Indifference Curves Do Not Cross
4) Indifference Curves are Bowed Inward
pg. 1
, What tools does the Federal Reserve have with regards to monetary
control? - Correct Answer - Reserve requirement ratio of market operations
and discount rate
What are open market operations? - Correct Answer - buying and selling of
government securities
When the Fed buys bonds, what impact does this have on the money
supply and aggregate demand? - Correct Answer - Increases money
supply and aggregate demand increases
When the Fed sells bonds, what impact does this have on the money
supply and aggregate demand? - Correct Answer - Decreases money
supply and aggregate demand decreases
What is a discount rate? - Correct Answer - the minimum interest rate set
by Federal Reserve for lending to other banks
When the Fed reduces the discount rate, what impact will this have on the
money supply and the aggregate demand? - Correct Answer - increase in
money supply
When the Fed increases the discount rate, what impact will this have on the
money supply and the aggregate demand? - Correct Answer - decrease
money supply
What is a reserve ratio? - Correct Answer - what the banks are required to
keep
pg. 2
Complete Exam 70 Questions with Correct
Verified Answers/ Graded A+
Which of the following industry characteristic makes collusion difficult? -
Correct Answer - Low entry barriers
Which of the following situation represents the LOWEST intensity of rivalry
between two companies? - Correct Answer - Low resource similarity and
high market commonality
How do firms create value when engaging rivals? - Correct Answer - Hold a
dominant position in key markets.
Launch products in multiple markets.
Secure patents on key products.
What is an indifference curve? - Correct Answer - A line which shows all the
combinations of goods which will make me equally happy
It allows us to compare multiple purchasing decisions at once
What are the four properties of an indifference curve? - Correct Answer - 1)
Higher Indifference Curves are Preferred to Lower Ones
2) Indifference Curves are Downward Sloping
3) Indifference Curves Do Not Cross
4) Indifference Curves are Bowed Inward
pg. 1
, What tools does the Federal Reserve have with regards to monetary
control? - Correct Answer - Reserve requirement ratio of market operations
and discount rate
What are open market operations? - Correct Answer - buying and selling of
government securities
When the Fed buys bonds, what impact does this have on the money
supply and aggregate demand? - Correct Answer - Increases money
supply and aggregate demand increases
When the Fed sells bonds, what impact does this have on the money
supply and aggregate demand? - Correct Answer - Decreases money
supply and aggregate demand decreases
What is a discount rate? - Correct Answer - the minimum interest rate set
by Federal Reserve for lending to other banks
When the Fed reduces the discount rate, what impact will this have on the
money supply and the aggregate demand? - Correct Answer - increase in
money supply
When the Fed increases the discount rate, what impact will this have on the
money supply and the aggregate demand? - Correct Answer - decrease
money supply
What is a reserve ratio? - Correct Answer - what the banks are required to
keep
pg. 2
