WGU C211 - GLOBAL
ECONOMICS FOR
MANAGERS TEST WITH
ALL ANSWERS
Thev3vViewsvonvGlobalizationv-vcorrectvanswer-New,vEvolutionary,vandvPendulum
"New"vviewvonvglobalizationv-vcorrectvanswer-
Avforcevsweepingvthroughvthevworldvinvrecentvtimes.
"Evolutionary"vviewvonvglobalizationv-vcorrectvanswer-Avlong-
runvhistoricalvevolutionvsincevthevdawnvofvhumanvhistory
"Pendulum"vviewvonvglobalizationv-vcorrectvanswer-
Onevthatvswingsvfromvonevextremevtovanothervfromvtimevtovtime
ForeignvDirectvInvestmentv(FDI)v-vcorrectvanswer-
Avpurchasevofvanvinterestvinvavcompanyvbyvavcompanyvorvanvinvestorvlocatedvoutsid
evitsvborders.
PoliticalvviewsvonvFDIv-vcorrectvanswer-
RadicalvView,vFreevMarketvView,vPragmaticvNationalism
BenefitsvtovavcountryvreceivingvFDIv-vcorrectvanswer-
CapitalvInflow,vTechnologyvSpillover,vAdvancedvManagementvKnow-
How,vJobvcreation
, CostsvtovavcountryvreceivingvFDIv-vcorrectvanswer-
LossvofvSovereignty,vAdverseveffectsvonvcompetition,v
Capitalvoutflow.
Howvdovresourcesvandvcapabilitiesvinfluencevthevcompetitivevdynamicsvofvavbusines
s?v-vcorrectvanswer-
Resourcevsimilarityvandvmarketvcommonalityvcanvyieldvavpowerfulvframeworkvforvco
mpetitorvanalysis.
Resourcevsimilarityv-vcorrectvanswer-
Thevextentvtovwhichvcompetitorsvhavevaccessvtovthevsamevresources
Howvdoesvresourcevsimilarityvimpactvcompetitivevdynamics?v-vcorrectvanswer-
Firmsvwithvavhighvdegreevofvsimilarityvinvresourcesvarevlikelyvtovhavevsimilarvcompeti
tivevproducts.v(Starbuck'svinstantvcoffeev&vMcDonald'svicedvcoffee)
Classicalvtheoriesvofvinternationalvtradev-vcorrectvanswer-
Mercantilism,vAbsolutevadvantage,vandvComparativevadvantage
Modernvtheoryvviewv-vcorrectvanswer-Dynamic
Classicalvtheoryvviewv-vcorrectvanswer-Static
Absolutevadvantagev-vcorrectvanswer-
Thevabilityvofvanvindividual,vcompany,vregion,vorvcountryvtovproducevavgreatervquanti
tyvofvavgoodvorvservice
Comparativevadvantagev-vcorrectvanswer-
Avcompany,veconomy,vcountry,vorvanvindividual'svabilityvtovprovidevavstrongervvaluev
tovconsumersvasvcomparedvwithvitsvcompetitors.
Mercantilismv-vcorrectvanswer-
Avtheoryvthatvsuggestsvthatvthevwealthvofvthevworldvisvfixedvandvthatvavnationvthatvex
portsvmorevandvimportsvlessvwillvbevricher.
Featuresvofvthevproductvlifevcycle?v-vcorrectvanswer-·vIntroduction
·vGrowth
·vMaturity
·vDecline
Strategicvtradev-vcorrectvanswer-
Strategicvinventoryvbyvgovernmentsvinvcertainvindustriesvcanvenhancevtheirvoddsvfor
vinternationalvsuccess
Howvarevsupplyvandvdemandvrelatedvtovthevexchangevratevofvavcountry?v-
vcorrectvanswer-
Thevpricevofvavcommodity,vavcountry'svcurrency,visvfundamentallyvdeterminedvbyvthis
.vStrongvdemandvleadsvtovpricevhikes;voversupplyvresultsvinvpricevdrops.
ECONOMICS FOR
MANAGERS TEST WITH
ALL ANSWERS
Thev3vViewsvonvGlobalizationv-vcorrectvanswer-New,vEvolutionary,vandvPendulum
"New"vviewvonvglobalizationv-vcorrectvanswer-
Avforcevsweepingvthroughvthevworldvinvrecentvtimes.
"Evolutionary"vviewvonvglobalizationv-vcorrectvanswer-Avlong-
runvhistoricalvevolutionvsincevthevdawnvofvhumanvhistory
"Pendulum"vviewvonvglobalizationv-vcorrectvanswer-
Onevthatvswingsvfromvonevextremevtovanothervfromvtimevtovtime
ForeignvDirectvInvestmentv(FDI)v-vcorrectvanswer-
Avpurchasevofvanvinterestvinvavcompanyvbyvavcompanyvorvanvinvestorvlocatedvoutsid
evitsvborders.
PoliticalvviewsvonvFDIv-vcorrectvanswer-
RadicalvView,vFreevMarketvView,vPragmaticvNationalism
BenefitsvtovavcountryvreceivingvFDIv-vcorrectvanswer-
CapitalvInflow,vTechnologyvSpillover,vAdvancedvManagementvKnow-
How,vJobvcreation
, CostsvtovavcountryvreceivingvFDIv-vcorrectvanswer-
LossvofvSovereignty,vAdverseveffectsvonvcompetition,v
Capitalvoutflow.
Howvdovresourcesvandvcapabilitiesvinfluencevthevcompetitivevdynamicsvofvavbusines
s?v-vcorrectvanswer-
Resourcevsimilarityvandvmarketvcommonalityvcanvyieldvavpowerfulvframeworkvforvco
mpetitorvanalysis.
Resourcevsimilarityv-vcorrectvanswer-
Thevextentvtovwhichvcompetitorsvhavevaccessvtovthevsamevresources
Howvdoesvresourcevsimilarityvimpactvcompetitivevdynamics?v-vcorrectvanswer-
Firmsvwithvavhighvdegreevofvsimilarityvinvresourcesvarevlikelyvtovhavevsimilarvcompeti
tivevproducts.v(Starbuck'svinstantvcoffeev&vMcDonald'svicedvcoffee)
Classicalvtheoriesvofvinternationalvtradev-vcorrectvanswer-
Mercantilism,vAbsolutevadvantage,vandvComparativevadvantage
Modernvtheoryvviewv-vcorrectvanswer-Dynamic
Classicalvtheoryvviewv-vcorrectvanswer-Static
Absolutevadvantagev-vcorrectvanswer-
Thevabilityvofvanvindividual,vcompany,vregion,vorvcountryvtovproducevavgreatervquanti
tyvofvavgoodvorvservice
Comparativevadvantagev-vcorrectvanswer-
Avcompany,veconomy,vcountry,vorvanvindividual'svabilityvtovprovidevavstrongervvaluev
tovconsumersvasvcomparedvwithvitsvcompetitors.
Mercantilismv-vcorrectvanswer-
Avtheoryvthatvsuggestsvthatvthevwealthvofvthevworldvisvfixedvandvthatvavnationvthatvex
portsvmorevandvimportsvlessvwillvbevricher.
Featuresvofvthevproductvlifevcycle?v-vcorrectvanswer-·vIntroduction
·vGrowth
·vMaturity
·vDecline
Strategicvtradev-vcorrectvanswer-
Strategicvinventoryvbyvgovernmentsvinvcertainvindustriesvcanvenhancevtheirvoddsvfor
vinternationalvsuccess
Howvarevsupplyvandvdemandvrelatedvtovthevexchangevratevofvavcountry?v-
vcorrectvanswer-
Thevpricevofvavcommodity,vavcountry'svcurrency,visvfundamentallyvdeterminedvbyvthis
.vStrongvdemandvleadsvtovpricevhikes;voversupplyvresultsvinvpricevdrops.
