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Global-Economics-for-Managers real exams

Exam Code: Global-Economics-for-Managers

Exam Name: WGU Global Economics for Managers (C211, UZC2)

Version: V13.25

Q & A: 72 Questions and Answers

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NEW QUESTION: 1
In competitive markets, an increase in demand for a product causes a(n):
A. Increase in product supply.
B. Reduction in the number of buyers of the product.
C. Increase in the price of the product.
D. Reduction in purchases by consumers.
Answer: C
Explanation:
Rule of economic reasoning: "Draw the graph!"

Choice "d" is correct. When demand increases and supply has not increased (as implied by the question),
suppliers will raise the price of the product and more product will be bought (but the supply curve does not
change). Because consumers are demanding more product than is available, they are "willing" to pay a
higher price. Choice "a" is incorrect. Although buyers would pay higher prices and purchase more
products, the supply "curve" has not changed. Therefore, the quantity supplied remains the same. Choice
"b" is incorrect. Because consumer demand has increased (not decreased). Choice "c" is incorrect. An
increase in demand has an indeterminate (and irrelevant) impact on the number of buyers. For example,
there could be the same number of buyers in the market, but that each demands a higher quality.

NEW QUESTION: 2
What information can be used by a router running a link-state protocol to build and maintain its topological database? (Choose two.)
A. TTL packets from designated routers
B. routing tables received from other link-state routers
C. hello packets
D. beacons received on point-to-point links
E. LSAs from other routers
F. SAP messages sent by other routers
Answer: C,E
Explanation:
Explanation/Reference:

NEW QUESTION: 3
Which two are required to communicate with an Order Management System (OMS) Integration Service when Integrating with an OMS from Commerce Cloud?
A. Custom order management widget
B. Order Submit event webhook
C. Admin Orders REST API
D. Shopper Profile Update event webhook
Answer: C,D

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