Wgu c211 full exam - Study guides, Class notes & Summaries

Explain the effect an income change might have on shifting the demand curve? - Accurate AnswerIncome change causes the demand curve to shift either to the right or to the left What is the difference between a normal good and an inferior good? - Accurate AnswerNormal goods are like Coke and Pepsi. Inferior goods are that of a non-brand product Explain how the price of related goods is related to changes in the demand curve? - Accurate AnswerWhen income changes, product prices go up or down,...

WGU C211 Global Economics for Managers Exam 4 (Latest 2023 - 2024) New Full Exam Questions and Answers ( Included ) 100% Correct 1. Views on Globalization Answer: New, Evolutionary, and Pendulum 2. "New" view on globalization Answer: A force sweeping through the world in recenttimes. 3. "Evolutionary" view on globalization Answer: A long-run historical evolution since thedawn of human history 4. "Pendulum" view on globalization Answer: One that swings from one extreme toanother f...

WGU C211 Global Economics for Managers Exam 1 (Latest 2023 - 2024) New Full Exam Questions and Answers ( Included ) 100% Correct 1. Explain the New, Evolutionary, and Pendulum views of Globalization. Howdo these differ from one another? Answer: New globalization is a new force sweeping through the world in recent times. Pendulum globalization is a pendulum that swings from one extreme to the the other from time to time. Evolutionary globalization is a long historical evolution since t...

WGU C211 Global Economics for Managers Exam 5 (Latest 2023 - 2024) New Full Exam Questions and Answers ( Included ) 100% Correct 1. Which two phrases represent the views of globalization? Choose twoanswers. Answer: - A pendulum that swings from one extreme to another. - A competition among key financial centers and markets. 2. What are two trade barriers? Answer: - Nontariffs - Tarriffs 3. What is the effect of tariff on a particular product for the country imposingthe tariff? Answ...

WGU C211 Global Economics for Managers Exam 3 (Latest 2023 - 2024) New Full Exam Questions and Answers ( Included ) 100% Correct 1. Base of they Pyramid Answer: The bottom of the economic pyramid. The vast majority of humanity, about four billion people, lives at the base of this pyramid making less than $2,000 a year. 2. Emerging Economies Answer: Developing countries that over the past two or three decades have begun to develop a strong industrial base, such as Singapore andHong Ko...

WGU C211 Global Economics for Managers Exam 2 (Latest 2023 - 2024) New Full Exam Questions and Answers ( Included ) 100% Correct 1. Homer buys pizza for $10 and Pepsi for $2. He has income of $100. His budget constraint will shift inward if Answer: the price of pizza rises to $12 2. Marge also buys pizza for $10 and Pepsi for $2. She has income of $200. Her budget constraint will experience a parallel outward shift if Answer: the price ofpizza rises to $20, the price of Pepsi rises to $4...