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WGU Global Economics for Managers (C211, UZC2) Sample Questions:
1. What is opportunity cost?
A) The marginal benefit of an additional unit
B) The lost potential from pursuing one activity at the expense of another, given the alternatives
C) The total cost of all inputs used in production
D) The explicit monetary cost of an activity
2. What is one of the three primary types of foreign exchange transactions?
A) Forward transactions
B) Arbitrage transactions
C) Spot transactions
D) Hedging transactions
3. What is true about forward transactions?
A) They are the classic single-shot exchange of one currency for another.
B) They allow traders to sell currency holdings at an exchange rate in the past.
C) They allow participants to buy and sell currencies now for future delivery.
D) They convert one currency into another at one time with an agreement to revert it back at another time in the future.
4. Which factors increase a country's currency exchange value? Choose two answers.
A) A rise in inflation
B) A fall in productivity
C) A rise in productivity
D) Political unrest
E) A rise in the interest rate
F) A fall in population
5. Which quantity measures the market value of all final goods and services produced within a country in a given period of time?
A) Gross national income (GNI)
B) Net domestic product (NDP)
C) National disposable income
D) Gross domestic product (GDP)
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: C | Question # 3 Answer: C | Question # 4 Answer: C,E | Question # 5 Answer: D |
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