WGU C211 - Global Economics for Managers Questions and Correct Answers & Latest Updated
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Course
WGU C211
Institution
WGU C211
Views on Globalization
o :## New, Evolutionary, and Pendulum
"New" view on globalization
o :## A force sweeping through the world in recent times.
"Evolutionary" view on globalization
o :## A long-run historical evolution since the dawn of human history
"Pendulum" view on globalization
o :##...
WGU C211 - Global Economics for Managers
Questions and Correct Answers & Latest
Updated
Views on Globalization
o :## New, Evolutionary, and Pendulum
"New" view on globalization
o :## A force sweeping through the world in recent times.
"Evolutionary" view on globalization
o :## A long-run historical evolution since the dawn of human history
"Pendulum" view on globalization
o :## One that swings from one extreme to another from time to time
Foreign Direct Investment
o :## Direct investment in, control, and management of value-added activities in other
countries
Political views on FDI
o :## Radical View, Free Market View, Pragmatic Nationalism
Benefits to a country receiving FDI
Master01: DO NOT COPY AND PASTE!! August 25, 2024 Latest Update
,2|Page: 2024/2025 Grade A+
o :## Capital Inflow, Technology Spillover, Advanced Management Know-How, Job creation
Costs to a country receiving FDI
o :## Loss of Sovereignty, Adverse effects on competition,
Capital outflow.
How do resources and capabilities influence the competitive dynamics of a business?
o :## Resource similarity and market commonality can yield a powerful framework for
competitor analysis.
Resource similarity
o :## The extent to which a given competitor possesses strategic endowment comparable, in
terms of both type and amount, to those of the focal firm.
How does resource similarity impact competitive dynamics?
o :## Firms with a high degree are likely to have similar competitive actions. (Starbuck's instant
coffee & McDonald's iced coffee)
Classical theories of international trade
o :## Mercantilism, Absolute advantage, and Comparative advantage
Modern theory view
o :## Dynamic
Classical theory view
Master01: DO NOT COPY AND PASTE!! August 25, 2024 Latest Update
, 3|Page: 2024/2025 Grade A+
o :## Static
Absolute advantage
o :## The economic advantage one nation enjoys that is superior to other nations
Comparative advantage
o :## The advantage one economic activity nation enjoys in comparison with other nations
(relative, not absolute)
Mercantilism
o :## A theory that suggests that the wealth of the world is fixed and that a nation that exports
more and imports less will be richer.
Features of the product life cycle?
o :## New, Maturing, and Standardized
Strategic trade
o :## Intervention by governments in certain industries can enhance their odds for
international success.
How are supply and demand related to the exchange rate of a country?
o :## The price of a commodity, a country's currency, is fundamentally determined by this.
Strong demand leads to price hikes; oversupply results in price drops.
Which theory came first?
o :## Mercantilism (although both are of the idea that governments should actively protect
domestic industries from imports and vigorously promote exports)
Master01: DO NOT COPY AND PASTE!! August 25, 2024 Latest Update
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