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WGU Global Economics for Managers (C211, UZC2) Sample Questions:

1. Which strategy for responding to multinational enterprises is appropriate in a situation in which there is low industry pressure to globalize and competitive assets are customized to home markets?

A) Responder strategy
B) Defender strategy
C) Contender strategy
D) Retainer strategy

2. What is one example of something a copyright is used to protect?

A) The design of a logo
B) The shape of a new invention
C) The name of a brand
D) The content of a book

3. What is one of the elements of the Porter Diamond in the theory of national competitive advantage of industries?

A) Foreign supply markets
B) Firm opportunity costs
C) Trade deficits
D) Domestic demand conditions

4. Which goods have a positive cross-price elasticity?

A) Shortage goods
B) Complements
C) Substitutes
D) Normal goods

5. Which protection of intellectual property is used for the design of a logo?

A) Trademark
B) Trade secret
C) Copyright
D) Patent

Solutions: