WGU C211 Objectives Assessment - 200 Study Questions and Answers (2023 / 2024) (Verified Answers)
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Course
WGU C211
Institution
WGU C211
WGU C211 Objectives Assessment - 200 Study Questions and Answers (2023 / 2024) (Verified Answers)
The term "emerging economies" has replaced the term
developing countries
The gross domestic product plus the income from non-resident sources abroad gives the
gross national product
Which of t...
WGU C211 Objectives Assessment - 200 Study Questions
and Answers () (Verified Answers)
The term "emerging economies" has replaced the term
developing countries
The gross domestic product plus the income from non-resident sources abroad
gives the
gross national product
Which of the following countries would be characterized as an emerging
economy?
Brazil
More than 25% of global GDP comes from
BRICS countries
Viewing the global economy as a pyramid, the Triad refers to
North America, Western Europe, and Japan
People who earn _____ a year comprise the base of the global economic pyramid.
less than $2,000
Which of the following would be an example of a top down innovation?
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)
It only has 19 member countries.
Which of the following does the institution-based view of global business lay
emphasis on?
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 _____
focuses on the internal strengths on the firm
The liability of foreignness is the inherent disadvantage faced by _____
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?
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
semiglobalization
The strategy of treating each country as a unique market and in total isolation is
referred to as _____
localization
MNEs from the Triad dominate the list of the 500 largest MNEs; their share has
been _____
shrinking
The term "emerging economies" has replaced the term _____
developing countries
,A conversion that determines the equivalent amount of goods and services that
different currencies can buy is known as _____
purchasing power parity
Which of the following countries would be characterized as an emerging
economy?
Brazil
More than 25% of global GDP comes from _____
BRICS countries
Which of the following countries is represented in the Triad of the global
economic pyramid?
Japan
People who earn _____ a year comprise the base of the global economic pyramid.
less than $2,000
A _____ is defined as an innovation that is adopted first in emerging economies
and then diffused around the world
reverse innovation
Which of the following is true of the Group of 20 (G-20)
It only has 19 member countries
The _____ view suggests that the success and failure of firms are largely
determined by their environments
institution-based
The _____ view of global business focuses on internal factors that can help a firm
overcome its external environment
resource-based
Which of the following is true of globalization according to the "pendulum view"
perspective?
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.
semiglobalization
_____ is the strategy of treating the entire world as one market.
Standardization
Protectionism is similar to mercantilism as they both advocated _____.
government involvement in international trade
The _____ principle advocated that governments should actively protect
domestic industries from imports and vigorously promote exports.
protectionism
Which of the following is a modern trade theory?
National competitive advantage
Which of the following trade theories divides the nations of the world into three
categories?
Product life cycle
Which of the following was the first international trade theory to account for
changes in the patterns of trade over time?
Product life cycle theory
In the third stage of the product life cycle theory, the _____.
, product is standardized
Which of the following describes resource mobility as assumed by the classical
theories of international trade?
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 _____.
explains patterns of trade based on factor endowments
Deadweight costs are net losses that occur when _____ are imposed.
import tariffs
_____ are government payments to domestic firms.
Subsidies
Which of the following is true of voluntary export restraints?
It is an export quota levied by a country on the quantity of its exports.
Which of the following is true of voluntary export restraints?
It is an export quota levied by a country on the quantity of its exports.
_____ are tariffs levied on imports sold below costs to drive domestic firms out of
business.
Antidumping duties
FPI refers to the _____.
investment in a portfolio of foreign securities that do not entail the active management of
foreign assets
A vertical FDI refers to a type of FDI in which _____
a firm moves upstream or downstream at different value chain stages in a host country
_____ refers to the total accumulation of inbound FDI in a country or outbound
FDI from a country.
FDI stock
OLI advantages refer to a firm's quest for _____via FDI
ownership advantages, location advantages, and internalization advantage
_____ refers to the replacement of cross-border markets with one firm locating in
two or more countries.
Internalization
Firms prefer FDI to licensing because FDI_____
provides the firm with direct ownership to its foreign assets
_____ refers to the clustering of economic activities in certain locations.
Agglomeration
The television industry in the United States is controlled by seven giant
corporations: The Walt Disney Company, CBS Corporation, Viacom, Comcast,
Hearst Corporation, Time Warner, and News Corporation. Thus, the television
industry in the U.S. is a typical _____ industry.
oligopolistic
Which of the following economic perspectives on FDI has its principles rooted in
Marxism?
The radical view
Which of the following is a benefit of FDI to home countries?
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