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C 211 GLOBAL ECONOMICS FOR MANAGERS WGU PRE ASSESSMENT AND RETAKE EXAM WITH ALL
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C 211 GLOBAL ECONOMICS FOR MANAGERS WGU PRE ASSESSMENT AND RETAKE EXAM WITH ALL
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C 211 GLOBAL ECONOMICS FORMANAGERS WGU PRE ASSESSMENT
AND RETAKE EXAM WITH ALL
ANSWERS
Thevresource-basedvviewvofvglobalvbusinessvdiffersvfromvthevinstitution-
basedvviewvofvglobalvbusinessvinvthatvthevresource-basedvviewv_____.v-
vcorrectvanswer-focusesvonvthevinternalvstrengthsvonvthevfirm
Whichvofvthevfollowingvisvtruevofvglobalizationvaccordingvtovthev"pendulumvview"vper
spective?v-vcorrectvanswer-Globalizationvisvavnotvavone-directionalvphenomenon.
Thev_____vofvglobalizationvsuggestsvthatvglobalizationvisvneithervrecentvnorvone-
directional.v-vcorrectvanswer-pendulumvview
Whichvofvthevfollowingvisvtruevofvsemiglobalization?v-vcorrectvanswer-
Itvisvavtypevofvglobalizationvthatvliesvbetweenvtotalvisolationvandvtotalvglobalization.
Globalizationvcanvbevviewedvas:v-vcorrectvanswer-
Avnewvforcevsweepingvthroughvthevworldvinvrecentvtimes.
Avlong-runvhistoricalvevolutionvsincevthevdawnvofvhumanvhistory.
Avpendulumvthatvswingsvfromvonevextremevtovanothervfromvtimevtovtime.
Namevthevthreevviewsvofvglobalization.v-vcorrectvanswer-Avrecentvforce,vavlong-
runningvevolution,vandvavpendulum
Thev_____vtheoryvviewedvinternationalvtradevasvavzero-sumvgame.v-
vcorrectvanswer-mercantilism
,Thev_____vprinciplevadvocatedvthatvgovernmentsvshouldvactivelyvprotectvdomesticvi
ndustriesvfromvimportsvandvvigorouslyvpromotevexports.v-vcorrectvanswer-
protectionism
Whichvofvthevfollowingvisvavmodernvtradevtheory?v-vcorrectvanswer-
Nationalvcompetitivevadvantage
Thev_____vtheoryvisvbasedvonvthevassumptionvthatvthevwealthvofvthevworldvisvfixed.v
-vcorrectvanswer-mercantilism
Importvquotasvarevavtypevofv_____.v-vcorrectvanswer-tariffvbarrier
Accordingvtovthevtheoryvofvabsolutevadvantage,vundervfreevtrade,v-vcorrectvanswer-
Eachvnationvgainsvbyvspecializingvinveconomicvactivitiesvinvwhichvavnationvhasvabsol
utevadvantage.
WhichvofvthevfollowingvisvNOTvavnontariffvtradevbarrierv(NTB)?v-vcorrectvanswer-
Culturalvdistance
Chilevrequiresv50vunitsvofvresourcevtovproducevonevtonvofvwinevandv20vunitsvofvreso
urcevtovproducevonevtonvofvblueberries.vFrancevrequiresv30vunitsvofvresourcevtovpro
ducevonevtonvofvwinevandv40vunitsvofvresourcevtovproducevonevtonvofvblueberries.vW
hichvofvthevfollowingvisvtrue?v-vcorrectvanswer-
Francevhasvavcomparativevadvantagevinvwine.
WhichvofvthevfollowingvtheoriesvdoesvNOTvleadvtovthevconclusionvthatvunrestrictedvfr
eevtradevisvinvthevbestvinterestsvofvallvcountries?v-vcorrectvanswer-
Strategicvtradevtheory
Freevtradevisvdefinedvas:v-vcorrectvanswer-
Thevideavthatvmarketvforcesvshouldvdeterminevhowvmuchvtovtradevwithvlittlevorvnovgo
vernmentvintervention.
Accordingvtovthevtheoryvofvabsolutevadvantage,vundervfreevtrade,v-vcorrectvanswer-
eachvnationvgainsvbyvspecializingvinveconomicvactivitiesvinvwhichvavnationvhasvabsol
utevadvantage.
WhichvofvthevfollowingvisvNOTvavnontariffvtradevbarrierv(NTB)?v-vcorrectvanswer-
Culturalvdistance
Protectionismvisvsimilarvtovmercantilismvasvtheyvbothvadvocatedv_____.v-
vcorrectvanswer-governmentvinvolvementvinvinternationalvtrade
OLIvadvantagesvrefervtovavfirm'svquestvforv_____viavFDI.v-vcorrectvanswer-
ownershipvadvantages,vlocationvadvantages,vandvinternalizationvadvantages
MNEs'vpossessionvandvleveragingvofvcertainvvaluable,vrare,vhard-to-
imitate,vandvorganizationallyvembeddedv(VRIO)vassetsvoverseasvinvthevcontextvofvF
DIvrefervtov_____.v-vcorrectvanswer-ownership
, FirmsvprefervFDIvtovlicensingvbecausevFDI_____.v-vcorrectvanswer-
providesvthevfirmvwithvdirectvownershipvtovitsvforeignvassets
WhichvofvthevfollowingvpoliticalvperspectivesvmaintainsvthevviewvthatvFDIvhasvbothvpr
osvandvconsvandvcanvonlyvbevapprovedvwhenvitsvbenefitsvoutweighvcosts?v-
vcorrectvanswer-Pragmaticvnationalism
WhichvofvthevfollowingvisvavbenefitvofvFDIvtovhomevcountries?v-vcorrectvanswer-
Learningvfromvoperations
Whichvofvthevfollowingvforeignvexchangevtransactionsvprovidevprotectionvtovtradersva
ndvinvestorsvfromvbeingvexposedvtovfluctuationsvofvthevspotvrate?v-vcorrectvanswer-
Forwardvtransactions
_____visvdefinedvasvthevconversionvofvonevcurrencyvintovanothervatvTimev1,vwithvanv
agreementvtovrevertvitvbackvtovthevoriginalvcurrencyvatvavspecificvTimev2vinvthevfutur
e.v-vcorrectvanswer-Currencyvswap
Foreignvexchangevratesvarevinfluencedvby:v-vcorrectvanswer-
Interestvratesvandvmoneyvsupply.
Relativevpricevdifferencesvandvpurchasingvpowervparity.
Supplyvandvdemandvofvthevcurrencies.
Avsavvyvglobalvbusinessvmangervmustvunderstandvthevfollowingvconceptsvtovbevcon
sideredvliteratevaboutvforeignvexchange:v-vcorrectvanswer-
Understandvthevfactorsvthatvinfluencevexchangevrates
Understandvthevwaysvtovhedgevcurrencyvrisks
Understandvthevforeignvexchangevmarket
Whichvofvthevfollowingvarevthevprimaryvtypesvofvforeignvexchangevtransactionsvmade
vbyvfinancialvcompanies?v-vcorrectvanswer-
Swaps,vspotvtransactions,vforwardvtransactions
AvhomevappliancevmanufacturervlocatedvinvThevNetherlandsvdecidesvtovopenvtwovn
ewvmanufacturingvplants,vonevinvPolandvandvthevothervinvThailand.vItsvpurposevisvtov
offsetvcurrencyvlossesvthrough:v-vcorrectvanswer-strategicvhedging
Whyvdovmanagers,vatvsomevofvthevlargestvglobalvcorporations,vfailvtovengagevinvcurr
encyvhedging?v-vcorrectvanswer-
Theyvbelievevthatvthevprotectionvagainstvfluctuationsvinvexchangevratesvisvnotvworthv
thevpotentiallyvhighvcostvofvcurrencyvhedging.
Riskvanalysisvofvanyvcountryvmustvincludevanvanalysisvofvthevcountry's:v-
vcorrectvanswer-currencyvrisks
Withvregardvtovforeignvmarketventry,vthevresource-
basedvviewvarguesvthatvforeignvfirmsvneedvtov-vcorrectvanswer-
deployvoverwhelmingvresourcesvandvcapabilitiesvtovoffsetvtheirvliabilityvofvforeignnes
s.
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