C211 OA (WGU) Actual Questions and Verified Solutions Latest Update 2024

C211 OA (WGU) Actual Questions and Verified Solutions Latest Update 2024 view that claims phenomenon of globalization was initially driven by the desire of Western economies to exploit their power through MNE's - Answer -new 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 - Answer -evolutionary view that claims globalization is swinging from one extreme to another from time to time - Answer - pendulum investment in, controlling, and managing value-added activities in other countries - Answer -foreign direct investment political view hostile to FDI. believes it is an instrument of imperialism and vehicle for exploitation of domestic resources by foreign capitalists and firms - Answer -radical 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 - Answer -free market views FDI as having pros and cons and only approving FDI when its benefits outweigh costs - Answer - pragmatic nationalis what benefits exist to a country receiving FDI? - Answer -capital inflow, technology spillovers, advanced management know-how, creates jobs what costs exist to a country receiving FDI? - Answer -loss of sovereignty, adverse effects on competition, net outflow in the capital account The aggregation of importing and exporting that leads to the country-level trade surplus or deficit. - Answer -balance of trade firms with a _____ degree of resource similarity are likely to have similar competitive actions - Answer - high a high degree of resource similarity but low market commonality = _______ intensity of rivalry - Answer - highest little resource similarity but high market commonality = _____ intensity of rivalry - Answer -lowest mercantilism, absolute advantage and comparative advantage belong to what theory of international trade - Answer -classicaltheory of international trade that relies on more realistic product life cycles and first mover advantages - Answer -modern under free trade, a nation gains by specializing in economic activities in which it has _____advantage - Answer -absolute 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 - Answer -comparative comparative advantage and absolute advantage stem f