WGU C211 PRE-ASSESSMENT: GLOBAL ECONOMICS FOR MANAGERS (UZC2) Exam latest solution 2023 update

Which view claims that the phenomenon of globalization was initially driven by the desire of Western economies to exploit their power through multinational enterprises? - The new-force view Economic gains come from international trade because one country's exported goods, services, or other items are unique, valuable, and difficult to duplicate to the importing countries - Resource-based view What is the aggregation of importing and exporting that leads to the country-level trade surplus or deficit? - Balance of trade What is a cost of foreign direct investment? - Developing countries may be exploited by multinational enterprises (MNE). What may precious, rare, and hard-to-duplicate resources and capabilities lead to for a firm? - Sustained comparative advantage Which theory states that patterns of international trade change across new, maturing, and standardized stages? - Product life cycle theory