WGU C211 Prep for OA UPDATED Actual
Questions and CORRECT Answers
Globalization can be viewed as - CORRECT ANSWER✔✔- a new force sweeping through
the world in recent times.
a Option pendulum that swings from one extreme to another from time to time.
a long-run historical evolution since the dawn of human history.
What is the definition of an institution-based view of global business? - CORRECT
ANSWER✔✔- An institution-based view suggests that the success and failure of firms are
enabled and constrained by institutions, also known as the rules of the game, such as
regulations, laws, cultures, ethics, and norms.
From an institution-based view, a government's legal requirement for a business to pay taxes
would be an example of: - CORRECT ANSWER✔✔- the influence of a formal institution.
Which are the three views of globalization? - CORRECT ANSWER✔✔- A recent force, a
long-running evolution, and a pendulum
Trade deficit refers to: - CORRECT ANSWER✔✔- an economic condition in which a nation
imports more than it exports.
The modern trade theories include the following EXCEPT: - CORRECT ANSWER✔✔-
Theory of comparative advantage
The theory of mercantilism: - CORRECT ANSWER✔✔- views international trade as a zero-
sum game.
According to the theory of absolute advantage, under free trade, - CORRECT ANSWER✔✔-
each nation gains by specializing in economic activities in which a nation has absolute
advantage.
Which of the following is NOT a nontariff trade barrier (NTB)? - CORRECT ANSWER✔✔-
Cultural distance
, Which of the following theories does NOT lead to the conclusion that unrestricted free trade
is in the best interests of all countries? - CORRECT ANSWER✔✔- Strategic trade theory
An import quota is: - CORRECT ANSWER✔✔- Restriction on the quantity of imports that
can be brought into a country.
The three modern theories of international trade are: - CORRECT ANSWER✔✔- product life
cycle, strategic trade, national competitive advantage of industries.
Free trade is defined as: - CORRECT ANSWER✔✔- The idea that market forces should
determine how much to trade with little or no government intervention.
Multinational enterprises (MNEs) are: - CORRECT ANSWER✔✔- firms that engage in
foreign direct investment (FDI).
Foreign direct investment (FDI) is: - CORRECT ANSWER✔✔- investment in activities that
control and manage value-added activities in foreign countries.
An oligopoly is an: - CORRECT ANSWER✔✔- industry dominated by a small number of
competitors.
The primary political views on FDI are: - CORRECT ANSWER✔✔- Free market and
pragmatic nationalism
Some of the benefits of FDI to the host country are: - CORRECT ANSWER✔✔- Job creation
Advanced technology
Capital inflow
In addition to FDI, other ways a firm can enter foreign markets include: - CORRECT
ANSWER✔✔- License and trademark
Outsource
Import and export
Questions and CORRECT Answers
Globalization can be viewed as - CORRECT ANSWER✔✔- a new force sweeping through
the world in recent times.
a Option pendulum that swings from one extreme to another from time to time.
a long-run historical evolution since the dawn of human history.
What is the definition of an institution-based view of global business? - CORRECT
ANSWER✔✔- An institution-based view suggests that the success and failure of firms are
enabled and constrained by institutions, also known as the rules of the game, such as
regulations, laws, cultures, ethics, and norms.
From an institution-based view, a government's legal requirement for a business to pay taxes
would be an example of: - CORRECT ANSWER✔✔- the influence of a formal institution.
Which are the three views of globalization? - CORRECT ANSWER✔✔- A recent force, a
long-running evolution, and a pendulum
Trade deficit refers to: - CORRECT ANSWER✔✔- an economic condition in which a nation
imports more than it exports.
The modern trade theories include the following EXCEPT: - CORRECT ANSWER✔✔-
Theory of comparative advantage
The theory of mercantilism: - CORRECT ANSWER✔✔- views international trade as a zero-
sum game.
According to the theory of absolute advantage, under free trade, - CORRECT ANSWER✔✔-
each nation gains by specializing in economic activities in which a nation has absolute
advantage.
Which of the following is NOT a nontariff trade barrier (NTB)? - CORRECT ANSWER✔✔-
Cultural distance
, Which of the following theories does NOT lead to the conclusion that unrestricted free trade
is in the best interests of all countries? - CORRECT ANSWER✔✔- Strategic trade theory
An import quota is: - CORRECT ANSWER✔✔- Restriction on the quantity of imports that
can be brought into a country.
The three modern theories of international trade are: - CORRECT ANSWER✔✔- product life
cycle, strategic trade, national competitive advantage of industries.
Free trade is defined as: - CORRECT ANSWER✔✔- The idea that market forces should
determine how much to trade with little or no government intervention.
Multinational enterprises (MNEs) are: - CORRECT ANSWER✔✔- firms that engage in
foreign direct investment (FDI).
Foreign direct investment (FDI) is: - CORRECT ANSWER✔✔- investment in activities that
control and manage value-added activities in foreign countries.
An oligopoly is an: - CORRECT ANSWER✔✔- industry dominated by a small number of
competitors.
The primary political views on FDI are: - CORRECT ANSWER✔✔- Free market and
pragmatic nationalism
Some of the benefits of FDI to the host country are: - CORRECT ANSWER✔✔- Job creation
Advanced technology
Capital inflow
In addition to FDI, other ways a firm can enter foreign markets include: - CORRECT
ANSWER✔✔- License and trademark
Outsource
Import and export
