C211 OA Final Exam Questions And Already Passed Answers.
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Course
WGU C211
Institution
WGU C211
view that claims phenomenon of globalization was initially driven by the desire of Western economies to exploit their power through MNE's - Answer new
view that claims globalization is a long-run historical evolution since the dawn of humanity. Says it is nothing new and that it will always e...
C211 OA Final Exam Questions And
Already Passed Answers.
view that claims phenomenon of globalization was initially driven by the desire of Western economies to
exploit their power through MNE's - Answer new
view that claims globalization is a long-run historical evolution since the dawn of humanity. Says it is
nothing new and that it will always exist - Answer evolutionary
view that claims globalization is swinging from one extreme to another from time to time - Answer
pendulum
investment in, controlling, and managing value-added activities in other countries - Answer foreign
direct investment
political view hostile to FDI. believes it is an instrument of imperialism and vehicle for exploitation of
domestic resources by foreign capitalists and firms - Answer radical
suggests that FDI, unrestricted by government intervention, will enable countries to tap into their
absolute or comparative advantages by specializing in the production of certain goods and services -
Answer free market
views FDI as having pros and cons and only approving FDI when its benefits outweigh costs - Answer
pragmatic nationalis
what benefits exist to a country receiving FDI? - Answer capital inflow, technology spillovers, advanced
management know-how, creates jobs
what costs exist to a country receiving FDI? - Answer loss of sovereignty, adverse effects on
competition, net outflow in the capital account
, The aggregation of importing and exporting that leads to the country-level trade surplus or deficit. -
Answer balance of trade
firms with a _____ degree of resource similarity are likely to have similar competitive actions - Answer
high
a high degree of resource similarity but low market commonality = _______ intensity of rivalry - Answer
highest
little resource similarity but high market commonality = _____ intensity of rivalry - Answer lowest
mercantilism, absolute advantage and comparative advantage belong to what theory of international
trade - Answer classical
theory of international trade that relies on more realistic product life cycles and first mover advantages -
Answer modern
under free trade, a nation gains by specializing in economic activities in which it has _____advantage -
Answer absolute
focuses on the idea that if a country does not have absolute advantage, they can still choose to specialize
in the production of one good where it has ______ advantage - Answer comparative
comparative advantage and absolute advantage stem from - Answer factor endowments
theory that the wealth of the world is fixed and that a nation that imports more and exports less will be
richer - Answer mercantilism
stage of the product life cycle where production of a new product that commands a price premium will
concentrate in the US - Answer new
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