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WGU C211 – GLOBAL ECONOMICS FOR MANAGERS (ACTUAL EXAM) WITH CORRECT QUESTIONS AND ANSWERS GOOD SCORE IS GUARANTEED LATEST 2024 – 2025 GRADE A+ $14.99
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WGU C211 – GLOBAL ECONOMICS FOR
MANAGERS (ACTUAL EXAM) WITH
CORRECT QUESTIONS AND ANSWERS
GOOD SCORE IS GUARANTEED LATEST
2024 – 2025 GRADE A+
Cross-price elasticity - ANSWERS-A measure of how much the
quantity demanded of one good responds to a change in the
price of another good. Computed as the percentage change in
quantity demanded of the first good divided by the percentage
change in price of the second good. Substitutes=positive cross-
price elasticity; complements=negative cross-price elasticity.
3 types of elasticity, their equations, purpose and outcomes -
ANSWERS-(1) Price elasticity of demand - % chg in Q D / % chg
in P
(2) Income elasticity - % chg in Q D / % chg in income
,(3) Cross-price elasticity - % chg in Q D Good 1/% chg in Good
#2 P
"Evolutionary" view on globalization - ANSWERS-A long-run
historical evolution since the dawn of human history
"Pendulum" view on globalization - ANSWERS-One that swings
from one extreme to another from time to time
Views on Globalization - ANSWERS-New, Evolutionary, and
Pendulum
"New" view on globalization - ANSWERS-A force sweeping
through the world in recent times.
Foreign Direct Investment - ANSWERS-Direct investment in,
control, and management of value-added activities in other
countries
Political views on FDI - ANSWERS-Radical View, Free Market
View, Pragmatic Nationalism
, Benefits to a country receiving FDI - ANSWERS-Capital Inflow,
Technology Spillover, Advanced Management Know-How, Job
creation
Costs to a country receiving FDI - ANSWERS-Loss of Sovereignty,
Adverse effects on competition,
Capital outflow.
How do resources and capabilities influence the competitive
dynamics of a business? - ANSWERS-Resource similarity and
market commonality can yield a powerful framework for
competitor analysis.
Resource similarity - ANSWERS-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? -
ANSWERS-Firms with a high degree are likely to have similar
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