WGU MBA C211 Global Economics for
Managers- WGU Exam Study Guide –
Complete Questions with Correct Detailed
Answers | Latest Updated Version
Prepare effectively for your Western Governors University (WGU) exams with this
comprehensive and well-organized study guide. This resource contains complete exam
questions with correct and detailed answers, designed to help students understand key
concepts and successfully prepare for their WGU assessments.
WGU courses follow a competency-based learning model, meaning students must
demonstrate a strong understanding of course objectives before passing their assessments.
This study guide helps simplify the process by providing structured questions and accurate
explanations that reinforce important topics and improve exam readiness.
What This Study Guide Includes
✔ Complete exam questions covering key WGU course competencies
✔ Correct answers with clear and detailed explanations
✔ Organized format for quick and effective revision
✔ Coverage of commonly tested concepts in WGU assessments
✔ Latest updated version for reliable exam preparation
Why This Study Guide Is Helpful
This resource is designed to help students review faster, understand concepts more clearly,
and build confidence before taking WGU Objective Assessments (OA). Practicing with
structured questions and reviewing detailed answers helps strengthen knowledge and
improve test-taking skills.
Ideal For
,• WGU Objective Assessment (OA) preparation
• Midterm and final exam review
• Self-paced study and revision
• Practicing exam-style questions
• Strengthening understanding of course competencies
A valuable study resource designed to support WGU students in preparing effectively and
performing confidently in their exams.
Base of the pyramid (BOP) -answer Economies where people make less than $2,000
per capita per year.
BRICA -answer Brazil, Russia, India, and China.
Emerging economies -answer term that has gradually replaced the term "developing
countries" since the 1990s.
Emerging markets -answer A term that is often used interchangeably with "emerging
economies."
Expatriate manager -answer A manager who works abroad, or "expat" for short.
Foreign direct investment (FDI) -answer Investment in, controlling, and managing
value-added activities in other countries.
Global Business -answer Business around the globe.
,Globalization -answer The close integration of countries and peoples of the world.
Gross domestic product (GDP) -answer The sum of value added by resident firms,
households, and governments operating in an economy.
Gross national income (GNI) -answer GDP plus income from non-resident sources
abroad. The term used by the World Bank and other international organizations to supersede
the term GNP.
Gross national product (GNP) -answer GDP plus income from non-resident sources
abroad
Group of 20 (G-20) -answer The group of 19 major countries plus the European Union
(EU) whose leaders meet on a biannual basis to solve global economic problems.
International business (IB) -answer (1) A business (or firm) that engages in
international (cross-border) economic activities and/or (2) the action of doing business abroad.
International premium -answer A significant pay raise when working overseas.
Liability of foreignness -answer The inherent disadvantage that foreign firms
experience in host countries because of their non-native status.
Multinational enterprise (MNE) -answer A firm that engages in foreign direct
investment (FDI).
Nongovernmental organization (NGO) -answer An organization that is not affiliated
with governments.
, Purchasing power parity (PPP) -answer A conversion that determines the equivalent
amount of goods and services that different currencies can purchase.
Reverse innovation -answer An innovation that is adopted first in emerging
economies and is then diffused around the world.
Risk management -answer The identification and assessment of risks and the
preparation to minimize the impact of high-risk, unfortunate events.
Scenario planning -answer A technique to prepare and plan for multiple scenarios
(either high or low risk).
Semiglobalization -answer A perspective that suggests that barriers to market
integration at borders are high, but not high enough to insulate countries from each other
completely.
Triad -answer North America, Western Europe, and Japan.
Purchasing power parity (PPP) -answer adjustment made to the GDP to reflect
differences in the cost of living
The bottom billion -answer Concentrated in Africa and Central Asia - 58 small
countries, stuck at the bottom in terms of growth, incomes and human development
Enhance employability & advance career, better preparation to be expat, competence in
interacting with foreign suppliers/partners/competitors/employees -answer Why
study global business?
Managers- WGU Exam Study Guide –
Complete Questions with Correct Detailed
Answers | Latest Updated Version
Prepare effectively for your Western Governors University (WGU) exams with this
comprehensive and well-organized study guide. This resource contains complete exam
questions with correct and detailed answers, designed to help students understand key
concepts and successfully prepare for their WGU assessments.
WGU courses follow a competency-based learning model, meaning students must
demonstrate a strong understanding of course objectives before passing their assessments.
This study guide helps simplify the process by providing structured questions and accurate
explanations that reinforce important topics and improve exam readiness.
What This Study Guide Includes
✔ Complete exam questions covering key WGU course competencies
✔ Correct answers with clear and detailed explanations
✔ Organized format for quick and effective revision
✔ Coverage of commonly tested concepts in WGU assessments
✔ Latest updated version for reliable exam preparation
Why This Study Guide Is Helpful
This resource is designed to help students review faster, understand concepts more clearly,
and build confidence before taking WGU Objective Assessments (OA). Practicing with
structured questions and reviewing detailed answers helps strengthen knowledge and
improve test-taking skills.
Ideal For
,• WGU Objective Assessment (OA) preparation
• Midterm and final exam review
• Self-paced study and revision
• Practicing exam-style questions
• Strengthening understanding of course competencies
A valuable study resource designed to support WGU students in preparing effectively and
performing confidently in their exams.
Base of the pyramid (BOP) -answer Economies where people make less than $2,000
per capita per year.
BRICA -answer Brazil, Russia, India, and China.
Emerging economies -answer term that has gradually replaced the term "developing
countries" since the 1990s.
Emerging markets -answer A term that is often used interchangeably with "emerging
economies."
Expatriate manager -answer A manager who works abroad, or "expat" for short.
Foreign direct investment (FDI) -answer Investment in, controlling, and managing
value-added activities in other countries.
Global Business -answer Business around the globe.
,Globalization -answer The close integration of countries and peoples of the world.
Gross domestic product (GDP) -answer The sum of value added by resident firms,
households, and governments operating in an economy.
Gross national income (GNI) -answer GDP plus income from non-resident sources
abroad. The term used by the World Bank and other international organizations to supersede
the term GNP.
Gross national product (GNP) -answer GDP plus income from non-resident sources
abroad
Group of 20 (G-20) -answer The group of 19 major countries plus the European Union
(EU) whose leaders meet on a biannual basis to solve global economic problems.
International business (IB) -answer (1) A business (or firm) that engages in
international (cross-border) economic activities and/or (2) the action of doing business abroad.
International premium -answer A significant pay raise when working overseas.
Liability of foreignness -answer The inherent disadvantage that foreign firms
experience in host countries because of their non-native status.
Multinational enterprise (MNE) -answer A firm that engages in foreign direct
investment (FDI).
Nongovernmental organization (NGO) -answer An organization that is not affiliated
with governments.
, Purchasing power parity (PPP) -answer A conversion that determines the equivalent
amount of goods and services that different currencies can purchase.
Reverse innovation -answer An innovation that is adopted first in emerging
economies and is then diffused around the world.
Risk management -answer The identification and assessment of risks and the
preparation to minimize the impact of high-risk, unfortunate events.
Scenario planning -answer A technique to prepare and plan for multiple scenarios
(either high or low risk).
Semiglobalization -answer A perspective that suggests that barriers to market
integration at borders are high, but not high enough to insulate countries from each other
completely.
Triad -answer North America, Western Europe, and Japan.
Purchasing power parity (PPP) -answer adjustment made to the GDP to reflect
differences in the cost of living
The bottom billion -answer Concentrated in Africa and Central Asia - 58 small
countries, stuck at the bottom in terms of growth, incomes and human development
Enhance employability & advance career, better preparation to be expat, competence in
interacting with foreign suppliers/partners/competitors/employees -answer Why
study global business?
