WGU C211 GLOBAL ECONOMICS OA
QUIZZES 2026/2027 | Latest Questions &
Verified Answers | Pass Guaranteed - A+ Graded
Quiz 1: Globalization Views & Trade Barriers
1. Which two phrases represent the views of globalization? (Choose two
answers)
A. A pendulum that swings from one extreme to another
B. A competition among key financial centers and markets
C. A continuing force sweeping through the world
D. A pendulum that swings from one extreme to another
E. An unplanned result of corporate responses
Answer: C and D
Rationale: The three primary views on globalization are the "New" view (recent
force sweeping through the world), the "Evolutionary" view (long-run historical
evolution), and the "Pendulum" view (swings from one extreme to another).
Options A and C represent the Pendulum and New views, respectively .
2. Which view claims that the phenomenon of globalization was initially driven
by the desire of Western economies to exploit their power through
multinational enterprises?
A. Evolutionary view
B. Pendulum view
C. New view
D. Classical view
Answer: C
,Rationale: The "New" view sees globalization as a force sweeping through the
world in recent times, driven by Western economies and multinational enterprises
exploiting their power .
3. What are two trade barriers? (Choose two answers)
A. Nontariffs
B. Foreign languages
C. The ocean
D. Tariffs
E. Shipping
Answer: A and D
Rationale: Trade barriers are government-induced restrictions on international
trade. The two major categories are tariffs (taxes on imports) and non-tariff
barriers (quotas, subsidies, regulations, and administrative hurdles) .
4. What is the effect of a tariff on a particular product for the country imposing
the tariff?
A. Decreases domestic production
B. Increases domestic production of the product
C. Decreases government revenue
D. Lowers the price consumers pay
Answer: B
Rationale: A tariff raises the price of imported goods, making domestic products
relatively cheaper and more competitive. This encourages domestic producers to
increase production to meet demand .
5. A nation begins applying a tariff on bananas, which is an imported product.
What will happen to the price?
A. Price will decrease
B. Price will increase
, C. Price will remain unchanged
D. Price will fluctuate randomly
Answer: B
Rationale: A tariff increases the cost of imported bananas, which is passed on to
consumers as higher prices. Domestic producers may raise their prices as well,
knowing they face less competition from imports .
Quiz 2: Foreign Direct Investment (FDI)
6. Which benefits come to the host country as a result of foreign direct
investment? (Choose two answers)
A. Sovereign stability and capital outflow
B. Creation of domestic jobs
C. Domestic resource allocation
D. Loss of sovereignty and job loss
E. Exploitation of developing countries
Answer: B and C
Rationale: Benefits of FDI to the host country include job creation (new
employment opportunities), technology transfer, capital inflow, increased
competition, and tax revenue. Capital outflow and loss of sovereignty are costs,
not benefits .
7. Which political view of foreign direct investment (FDI) is most widely used by
governments in the current international business environment?
A. Radical view
B. Free market view
C. Pragmatic nationalism (Protectionism)
D. Laissez-faire view
Answer: C
QUIZZES 2026/2027 | Latest Questions &
Verified Answers | Pass Guaranteed - A+ Graded
Quiz 1: Globalization Views & Trade Barriers
1. Which two phrases represent the views of globalization? (Choose two
answers)
A. A pendulum that swings from one extreme to another
B. A competition among key financial centers and markets
C. A continuing force sweeping through the world
D. A pendulum that swings from one extreme to another
E. An unplanned result of corporate responses
Answer: C and D
Rationale: The three primary views on globalization are the "New" view (recent
force sweeping through the world), the "Evolutionary" view (long-run historical
evolution), and the "Pendulum" view (swings from one extreme to another).
Options A and C represent the Pendulum and New views, respectively .
2. Which view claims that the phenomenon of globalization was initially driven
by the desire of Western economies to exploit their power through
multinational enterprises?
A. Evolutionary view
B. Pendulum view
C. New view
D. Classical view
Answer: C
,Rationale: The "New" view sees globalization as a force sweeping through the
world in recent times, driven by Western economies and multinational enterprises
exploiting their power .
3. What are two trade barriers? (Choose two answers)
A. Nontariffs
B. Foreign languages
C. The ocean
D. Tariffs
E. Shipping
Answer: A and D
Rationale: Trade barriers are government-induced restrictions on international
trade. The two major categories are tariffs (taxes on imports) and non-tariff
barriers (quotas, subsidies, regulations, and administrative hurdles) .
4. What is the effect of a tariff on a particular product for the country imposing
the tariff?
A. Decreases domestic production
B. Increases domestic production of the product
C. Decreases government revenue
D. Lowers the price consumers pay
Answer: B
Rationale: A tariff raises the price of imported goods, making domestic products
relatively cheaper and more competitive. This encourages domestic producers to
increase production to meet demand .
5. A nation begins applying a tariff on bananas, which is an imported product.
What will happen to the price?
A. Price will decrease
B. Price will increase
, C. Price will remain unchanged
D. Price will fluctuate randomly
Answer: B
Rationale: A tariff increases the cost of imported bananas, which is passed on to
consumers as higher prices. Domestic producers may raise their prices as well,
knowing they face less competition from imports .
Quiz 2: Foreign Direct Investment (FDI)
6. Which benefits come to the host country as a result of foreign direct
investment? (Choose two answers)
A. Sovereign stability and capital outflow
B. Creation of domestic jobs
C. Domestic resource allocation
D. Loss of sovereignty and job loss
E. Exploitation of developing countries
Answer: B and C
Rationale: Benefits of FDI to the host country include job creation (new
employment opportunities), technology transfer, capital inflow, increased
competition, and tax revenue. Capital outflow and loss of sovereignty are costs,
not benefits .
7. Which political view of foreign direct investment (FDI) is most widely used by
governments in the current international business environment?
A. Radical view
B. Free market view
C. Pragmatic nationalism (Protectionism)
D. Laissez-faire view
Answer: C
