WGU C211 GLOBAL BUSINESS (Chp.2) EXAM WITH GUARANTEED ACCURATE ANSWERS
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Course
WGU C211 GLOBAL BUSINESS
Institution
WGU C211 GLOBAL BUSINESS
What are the benefits of trade? - Accurate Answer1- A greater amount of
choice in the availability of
goods and services
2 - Lower prices for goods and services consumed
3 - Higher living standards
What are the benefits of foreign investment? - Accurate Answer- Generates jobs
- creates ...
WGU C211 GLOBAL BUSINESS (Chp.2)
EXAM
WGU C211 GLOBAL BUSINESS (Chp.2) EXAM WITH GUARANTEED ACCURATE
ANSWERS
What are the benefits of trade? - Accurate Answer✅✅1- A greater amount of
choice in the availability of
goods and services
2 - Lower prices for goods and services consumed
3 - Higher living standards
What are the benefits of foreign investment? - Accurate Answer✅✅- Generates
jobs
- creates unity by erasing borders
- brings cultural and technical riches
, - enhances the skills of domestic workers
What are the major international trade theories and what are key features of each
one? - Accurate Answer✅✅-Mercantilism
-Absolute Advantage
- Theory of Comparative Advantage
- Heckscher-Ohlin Theory
- Factor Price Equalization Theory
- Porter's Diamond Model
What is the impact of trade policy on various stakeholders such as businesses,
consumers, and governments? - Accurate Answer✅✅Gov't actions altering free
flow of merch to and from a country
Historically, main instrument has been import tariff (but now, non-tariff barriers
and export subsidies are more prevalent)
What is the rationale for managing trade? - Accurate Answer✅✅Refers to
agreements, sometimes temporary, between countries (or a group of countries) that
aim to achieve certain trade outcomes for the countries involved.
Managed trade aims to replace global market or economic forces with government
actions to determine trade outcomes
Can only gain from trade if it has trade surplus.
More export, less import
"I sold more goods than I bought, so I win."
gold & silver are very important to country wealth
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