Wgu c211 competency 5 - Study guides, Class notes & Summaries

WGU C211 Post Assessment Study Guide 2023: Globalization (Chapters 1, 5, 6, 11) What is Foreign Direct Investment? – investment in a business by an investor from another country for which the foreign investor has control over the company purchased.; is an investment made by a company or individual in one country in business interests in another country. 3- What different political views exist on FDI? – radical view or pragmatic view – chapter 6, Peng 6-3a – box – *Radical View is ...

WGU C211 - Competency 3 questions and answers |graded A+ Four properties of an indifference curve (1) Higher indifference curves are preferred to lower ones. People usually prefer to consume more goods rather than less. (2) Indifference curves are downward sloping. The slope of an indifference curve reflects the rate at which the consumer is willing to substitute one good for the other. (3) Indifference curves do not cross. (4) Indifference curves are bowed inward. The slope of an indiffere...

WGU C211 Questions with Correct Answers -Competency 5 Tariff. Tax on goods produced abroad and sold domestically(tax on imported goods). A method used to restrict international trade. Dead weight loss. The fall in total surplus that results from a market distortion, such as a tax (new equilibrium price that is settled for the transaction will be higher and therefore some burden of this will be passed on to the consumer) How are tariff's and dead weight loss related? Explain. A...