WGU C211 OA quizzes Questions and Answers (2022/2023) (Verified Answers)
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WGU C211
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WGU C211
WGU C211 OA quizzes Questions and Answers (2022/2023) (Verified Answers)
The term "emerging economies" has replaced the term _____. -Correct Answer Developing countries
The gross domestic product plus the income from non-resident sources abroad gives the ____. -Correct Answer gross national pro...
WGU C211 OA quizzes Questions and Answers
(2022/2023) (Verified Answers)
The term "emerging economies" has replaced the term _____. -Correct Answer Developing countries
The gross domestic product plus the income from non-resident sources abroad gives the ____. -Correct Answer gross national product
More than 25% of global GDP comes from _____. -Correct Answer BRICS countries
Viewing the global economy as a pyramid, the Triad refers to _____. -Correct Answer North America, Western Europe, and Japan
People who earn _____ a year comprise the base of the global economic pyramid. -Correct Answer less than $2,000
Which of the following would be an example of a top down innovation? -Correct Answer Lowering prices
and features of existing products to meet emerging market needs
Which of the following is true of the Group of 20 (G-20)? -Correct Answer It only has 19 member countries.
Which of the following does the institution-based view of global business lay emphasis on? -Correct Answer Understanding the laws and values of the firm's host nation.
The resource-based view of global business differs from the institution-based view of global business in that the resource-based view _____. -Correct Answer focuses on the internal strengths on the firm
The liability of foreignness is the inherent disadvantage faced by _____. -Correct Answer foreign firms in host nations due to their non-native status
Which of the following is true of globalization according to the "new force" perspective? -Correct Answer It is a western ideology focused on exploiting and dominating the world through MNEs The concept of _____ suggests that barriers to market integration at borders are high, but not high enough to completely insulate countries from each other. -Correct Answer Semiglobalization
The strategy of treating each country as a unique market and in total isolation is referred to as _____. -
Correct Answer Localization
MNEs from the Triad dominate the list of the 500 largest MNEs; their share has been _____. -Correct Answer Shrinking
A conversion that determines the equivalent amount of goods and services that different currencies can buy is known as _____. -Correct Answer purchasing power parity
Which of the following countries would be characterized as an emerging economy? -Correct Answer Brazil
Which of the following countries is represented in the Triad of the global economic pyramid? -Correct Answer Japan
People who earn _____ a year comprise the base of the global economic pyramid. -Correct Answer less than $2,000
A _____ is defined as an innovation that is adopted first in emerging economies and then diffused around the world. -Correct Answer reverse innovation
The _____ view suggests that the success and failure of firms are largely determined by their environments. -Correct Answer institution-based
The _____ view of global business focuses on internal factors that can help a firm overcome its external environment. -Correct Answer resource-based
Which of the following is true of globalization according to the "pendulum view" perspective? -Correct Answer Globalization is a not a one-directional phenomenon The concept of _____ suggests that barriers to market integration at borders are high, but not high enough to completely insulate countries from each other. -Correct Answer semiglobalization
_____ is the strategy of treating the entire world as one market. -Correct Answer Standardization
Protectionism is similar to mercantilism as they both advocated _____. -Correct Answer government involvement in international trade
The _____ principle advocated that governments should actively protect domestic industries from imports and vigorously promote exports. -Correct Answer Protectionism
Which of the following is a modern trade theory? -Correct Answer National competitive advantage
Which of the following trade theories divides the nations of the world into three categories? -Correct Answer Product life cycle
Which of the following was the first international trade theory to account for changes in the patterns of trade over time? -Correct Answer Product life cycle theory
In the third stage of the product life cycle theory, the _____. -Correct Answer product is standardized
Which of the following describes resource mobility as assumed by the classical theories of international trade? -Correct Answer It is the assumption that a resource used in producing a product for one industry
can be shifted and put to use in another industry
The theory of comparative advantage _____. -Correct Answer explains patterns of trade based on factor endowments
Deadweight costs are net losses that occur when _____ are imposed. -Correct Answer import tariffs
_____ are government payments to domestic firms. -Correct Answer Subsidies
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