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WGU C211 Global Economics for Managers Exam Terminology & Definitions Study Guide (2024 / 2025) Verified, 100% Guarantee Pass

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WGU C211 Global Economics Exam Terminology & Definitions Study Guide (2024 / 2025) Verified, 100% Guarantee Pass WGU C211 OA Global Economics Retake Exam Questions and Verified Answers (2024 / 2025) 100% Guarantee Pass WGU C211 OA Global Economics Exam Latest (2024 / 2025) (Verified Answers) ...

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WGU C211 Global Economics for Managers
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1. Globalization: The close integration of countries and peoples of the world




2. Purchasing power parity (PPP): A conversion that determines the equivalent amount of
goods and services that different currencies can purchase




3. Scenario planning: A technique to prepare and plan for multiple scenarios (either high or low
risk)




4. Risk management: The identification and assessment of risks and the prepara- tion to
minimize the impact of high-risk unfortunate events





,5. Gross national income: GDP plus income from non-resident sources abroad. GNI is the
term used by the World Bank and other international organizations to supersede the term
GNP.




6. Gross national product (GNP): GDP plus income from non-resident sources abroad




7. Reverse Innovation: An innovation that is adopted first in emerging economies an is then
diffused around the world




8. International business (IB): (1) A business (or firm) that engages in international
(crossborder) economic activities and/or (2) the action of doing business abroad




9. semiglobalization: A perspective that suggests that barriers to market integra- tion at
borders are high, but not high enough to insulate countries from each other completely




10. BRIC: Brazil, Russia, India, and China



, 11. base of the pyramid (BOP): Economies where people make less than $2,000 per capita
per year




12. Emerging economies: A term that has gradually replaced the term "developing countries"
since the 1990s




13. emerging markets: A term that is often used interchangeably with "emerging
economies"




14. nongovernmental organizations (NGOs): An organization that is not affiliated with
governments




15. expatriate manager: A manager who works abroad, or "expat" for short




16. gross domestic product (GDP): The sum of value added by resident firms, households,
and government operating in an economy

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