WGU C211 - Global Economics for Managers - PA Review Questions and Answers 100% Pass

WGU C211 - Global Economics for Managers - PA Review Questions and Answers 100% Pass What is one of the elements of the Porter Diamond in the theory of national competitive advantage of industries? - Answer- Domestic Demand Conditions What is the bandwagon effect? - Answer- The movement of investors in the same direction at the same time A country has seen a decrease in inflation. What is the effect on the country's currency exchange rate? - Answer- It increases. What is one of the three primary types of foreign exchange transactions? - Answer- Spot transactions Who are the primary and largest participants in the foreign exchange market? - Answer- Large international banks Which company has a natural resource-seeking strategic goal? - Answer- A company searching for a location where there is an abundance of oil Which entrant is able to erect significant barriers for other entrants? - Answer- First mover Direct exports have which advantage? - Answer- Capitalization of economies of scale in production in the home country Which mode of entry is a non-equity mode? - Answer- R&D contracts One view of globalization claims that human civilization has always had some type of globalization. Which view is it? - Answer- The long-run historical view