C211 OA
Study online at https://quizlet.com/_7t4h5z
C211 OA EXAM 2022\2023
1. view that claims phenomenon of globalization was initially driven by
the desire of Western economies to exploit their power through MNE's:
new
2. 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
3. view that claims globalization is swinging from one extreme to
another from time to time: pendulum
4. investment in, controlling, and managing value-added activities in
other countries: foreign direct investment
, . C211 OA
Study online at https://quizlet.com/_7t4h5z
5. 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
6. 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
7. views FDI as having pros and cons and only approving FDI when its
benefits outweigh costs: pragmatic nationalis
8. what benefits exist to a country receiving FDI?: capital inflow,
technology spillovers, advanced management know-how, creates jobs
9. what costs exist to a country receiving FDI?: loss of sovereignty,
adverse effects on competition, net outflow in the capital account
, . C211 OA
Study online at https://quizlet.com/_7t4h5z
10. The aggregation of importing and exporting that leads to the country-
level trade surplus or deficit.: balance of trade
11. firms with a _____ degree of resource similarity are likely to have
similar competitive actions: high
12. a high degree of resource similarity but low market commonality =
_______ intensity of rivalry: highest
13. little resource similarity but high market commonality = _____
intensity of rivalry: lowest
14. mercantilism, absolute advantage and comparative advantage belong
to what theory of international trade: classical
15. theory of international trade that relies on more realistic product life
cycles and first mover advantages: modern
, . C211 OA
Study online at https://quizlet.com/_7t4h5z
16 under free trade, a nation gains by specializing in economic activities in
which it has _____advantage: absolute
17. 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
18. comparative advantage and absolute advantage stem from: factor
endowments
19. theory that the wealth of the world is fixed and that a nation that
imports more and exports less will be richer: mercantilism
20. stage of the product life cycle where production of a new product that
commands a price premium will concentrate in the US: new
Study online at https://quizlet.com/_7t4h5z
C211 OA EXAM 2022\2023
1. view that claims phenomenon of globalization was initially driven by
the desire of Western economies to exploit their power through MNE's:
new
2. 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
3. view that claims globalization is swinging from one extreme to
another from time to time: pendulum
4. investment in, controlling, and managing value-added activities in
other countries: foreign direct investment
, . C211 OA
Study online at https://quizlet.com/_7t4h5z
5. 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
6. 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
7. views FDI as having pros and cons and only approving FDI when its
benefits outweigh costs: pragmatic nationalis
8. what benefits exist to a country receiving FDI?: capital inflow,
technology spillovers, advanced management know-how, creates jobs
9. what costs exist to a country receiving FDI?: loss of sovereignty,
adverse effects on competition, net outflow in the capital account
, . C211 OA
Study online at https://quizlet.com/_7t4h5z
10. The aggregation of importing and exporting that leads to the country-
level trade surplus or deficit.: balance of trade
11. firms with a _____ degree of resource similarity are likely to have
similar competitive actions: high
12. a high degree of resource similarity but low market commonality =
_______ intensity of rivalry: highest
13. little resource similarity but high market commonality = _____
intensity of rivalry: lowest
14. mercantilism, absolute advantage and comparative advantage belong
to what theory of international trade: classical
15. theory of international trade that relies on more realistic product life
cycles and first mover advantages: modern
, . C211 OA
Study online at https://quizlet.com/_7t4h5z
16 under free trade, a nation gains by specializing in economic activities in
which it has _____advantage: absolute
17. 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
18. comparative advantage and absolute advantage stem from: factor
endowments
19. theory that the wealth of the world is fixed and that a nation that
imports more and exports less will be richer: mercantilism
20. stage of the product life cycle where production of a new product that
commands a price premium will concentrate in the US: new
