Free WGU Global-Economics-for-Managers Exam Questions

Become WGU Certified with updated Global-Economics-for-Managers exam questions and correct answers

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Total 101 Questions | Updated On: Apr 02, 2026

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Question 1

What is a characteristic of common law as compared to civil law?

A : Common law relies primarily on comprehensive statutes and codes.

B : Common law is more reliant on precedents from previous judicial decisions.

C : Common law is based on religious teachings.

D : Common law minimizes the role of judges.

Answer: B

Question 2

What is a characteristic of common law as compared to civil law?

A : Common law relies primarily on comprehensive statutes and codes.

B : Common law is more reliant on precedents from previous judicial decisions.

C : Common law is based on religious teachings.

D : Common law minimizes the role of judges.

Answer: B

Question 3

What is one of the three primary types of foreign exchange transactions?

A : Hedges

B : Forward transactions

C : Balanced transactions

D : Straddles

Answer: B

Question 4

When confronting MNEs, the extender strategy centers on what?

A : Leveraging homegrown competencies abroad

B : Cooperating through joint ventures (JVs) with MNEs and sell-offs to MNEs

C : Leveraging local assets in areas in which MNEs are weak

D : Engaging in rapid learning and then expanding overseas

Answer: A

Question 5

Which system has elements of a market economy and a command economy?

A : Fair economy

B : Market-command economy

C : Mixed economy

D : Compromise economy

Answer: C

Page: 1 / 21

Total 101 Questions | Updated On: Apr 02, 2026

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