C211 OA Exam Questions and Answers Rated A+ Latest 2023/2024 (100% Correct Answers)
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Course
WGU C211 – Global Economics for Managers
Institution
WGU C211 – Global Economics For Managers
C211 OA Exam Questions and Answers Rated A+ Latest 2023/2024 (100% Correct Answers)
view that claims phenomenon of globalization was initially driven by the desire of Western economies to exploit their power through MNE's
new
view that claims globalization is a long-run historical evolution ...
C211 OA Exam Questions and Answers Rated
A+ Latest 2023/2024 (100% Correct Answers)
view that claims phenomenon of globalization was initially driven by the desire of Western economies
to exploit their power through MNE's
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
evolutionary
view that claims globalization is swinging from one extreme to another from time to time
pendulum
investment in, controlling, and managing value-added activities in other countries
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
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
free market
views FDI as having pros and cons and only approving FDI when its benefits outweigh costs
pragmatic nationalis
what benefits exist to a country receiving FDI?
capital inflow, technology spillovers, advanced management know-how, creates jobs
what costs exist to a country receiving FDI?
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.
balance of trade
firms with a _____ degree of resource similarity are likely to have similar competitive actions
high
a high degree of resource similarity but low market commonality = _______ intensity of rivalry
highest
little resource similarity but high market commonality = _____ intensity of rivalry
lowest
, mercantilism, absolute advantage and comparative advantage belong to what theory of international
trade
classical
theory of international trade that relies on more realistic product life cycles and first mover
advantages
modern
under free trade, a nation gains by specializing in economic activities in which it has _____advantage
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
comparative
comparative advantage and absolute advantage stem from
factor endowments
theory that the wealth of the world is fixed and that a nation that imports more and exports less will
be richer
mercantilism
stage of the product life cycle where production of a new product that commands a price premium
will concentrate in the US
new
stage of the product life cycle where demand and ability to produce grow in other developed nations
maturing
stage of the product life cycle where the previously new product is commoditized and production will
now move to low-cost developing nations
standardized
comparative advantage may change over time because patterns of ______ change over time
trade
theory that suggests that intervention by governments in certain industries can enhance their odds
for international success
strategic trade
if a company seeks to limit foreign exchange rate exposure in the forward direction, what is the most
effective way to do this?
currency hedging
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