C211 WGU EXAM 2024-2025 LATEST UPDATED
QUESTIONS WITH CORRECT 100% DETAILED ANSWERS
A COMPLETE EXAM SOLUTION BEST GRADED TO SCORE
A+ FOR PASS
Base of the pyramid (BOP) - CORRECT ANSWERS Economics where people make less $2,000
per capita per year.
BRIC - CORRECT ANSWERS Brazil, Russia, India, and China
Emerging economies - CORRECT ANSWERS a term that has gradually replaced the term
"developing countries" since the 1990s.
Emerging markets - CORRECT ANSWERS a term that is often used interchangeably with
"emerging economies."
expatriate manager - CORRECT ANSWERS a manager who works abroad, or "expat" for short.
FDI: foreign direct investment - CORRECT ANSWERS investment in, controlling, and managing
value-added activities in other countries.
global business - CORRECT ANSWERS business around the globe including both international
(cross-border) activities and domestic activities.
globalization - CORRECT ANSWERS the close integration of countries and people of the world.
GDP: gross domestic product - CORRECT ANSWERS the sum of value added by resident firms,
households, and governments operating in an economy.
GNI: gross national income - CORRECT ANSWERS GDP plus income from non-resident sources
abroad.
,C211 WGU EXAM 2024-2025 LATEST UPDATED
QUESTIONS WITH CORRECT 100% DETAILED ANSWERS
A COMPLETE EXAM SOLUTION BEST GRADED TO SCORE
A+ FOR PASS
group of 20 (G-20) - CORRECT ANSWERS the group of 19 major countries plus the European
Union (EU) whose leaders meet on a biannual basis to solve global economic problems.
international business (IB) - CORRECT ANSWERS 1. a business or firm that engages in
international (cross-border) economic activities and/or
2. the action of doing business abroad.
international premium - CORRECT ANSWERS a significant pay raise when working overseas.
liability of foreignness - CORRECT ANSWERS the inherent disadvantage that foreign firms
experience in host countries because of their non-native status.
MNE: Multinational enterprise - CORRECT ANSWERS a firm that engages in foreign direct
investments (FDI)
NGO: nongovernmental organization - CORRECT ANSWERS an organization that is not affiliated
with governments.
PPP: purchasing power parity - CORRECT ANSWERS a conversion that determines the
equivalent amount of goods and services that different currencies can purchase.
reverse innovation - CORRECT ANSWERS an innovation that is adopted first in emerging
economies and is then diffused around the world.
, C211 WGU EXAM 2024-2025 LATEST UPDATED
QUESTIONS WITH CORRECT 100% DETAILED ANSWERS
A COMPLETE EXAM SOLUTION BEST GRADED TO SCORE
A+ FOR PASS
scenario planning - CORRECT ANSWERS a technique to prepare and plan for multiple scenarios
(either high or low risk).
semiglobalization - CORRECT ANSWERS a perspective that suggests that barriers to market
integration at borders are high, but not high enough to insulate countries from each other
completely.
triad - CORRECT ANSWERS North America, Western Europe, and Japan.
absolute advantage - CORRECT ANSWERS The economic advantage one nation enjoys that is
absolutely superior to other nations.
three views of globalization - CORRECT ANSWERS 1. a new force in recent times.
2. a long-running historical evolution.
3. a pendulum swinging between extremes.
Administrative policy - CORRECT ANSWERS Bureaucratic rules that make it harder to import
foreign goods.
Antidumping duty - CORRECT ANSWERS Tariffs levied on imports that have been "dumped"
(selling below costs to "unfairly" drive domestic firms out of business).
Balance of trade - CORRECT ANSWERS The aggregation of importing and exporting that leads
to the country-level trade surplus or deficit.
QUESTIONS WITH CORRECT 100% DETAILED ANSWERS
A COMPLETE EXAM SOLUTION BEST GRADED TO SCORE
A+ FOR PASS
Base of the pyramid (BOP) - CORRECT ANSWERS Economics where people make less $2,000
per capita per year.
BRIC - CORRECT ANSWERS Brazil, Russia, India, and China
Emerging economies - CORRECT ANSWERS a term that has gradually replaced the term
"developing countries" since the 1990s.
Emerging markets - CORRECT ANSWERS a term that is often used interchangeably with
"emerging economies."
expatriate manager - CORRECT ANSWERS a manager who works abroad, or "expat" for short.
FDI: foreign direct investment - CORRECT ANSWERS investment in, controlling, and managing
value-added activities in other countries.
global business - CORRECT ANSWERS business around the globe including both international
(cross-border) activities and domestic activities.
globalization - CORRECT ANSWERS the close integration of countries and people of the world.
GDP: gross domestic product - CORRECT ANSWERS the sum of value added by resident firms,
households, and governments operating in an economy.
GNI: gross national income - CORRECT ANSWERS GDP plus income from non-resident sources
abroad.
,C211 WGU EXAM 2024-2025 LATEST UPDATED
QUESTIONS WITH CORRECT 100% DETAILED ANSWERS
A COMPLETE EXAM SOLUTION BEST GRADED TO SCORE
A+ FOR PASS
group of 20 (G-20) - CORRECT ANSWERS the group of 19 major countries plus the European
Union (EU) whose leaders meet on a biannual basis to solve global economic problems.
international business (IB) - CORRECT ANSWERS 1. a business or firm that engages in
international (cross-border) economic activities and/or
2. the action of doing business abroad.
international premium - CORRECT ANSWERS a significant pay raise when working overseas.
liability of foreignness - CORRECT ANSWERS the inherent disadvantage that foreign firms
experience in host countries because of their non-native status.
MNE: Multinational enterprise - CORRECT ANSWERS a firm that engages in foreign direct
investments (FDI)
NGO: nongovernmental organization - CORRECT ANSWERS an organization that is not affiliated
with governments.
PPP: purchasing power parity - CORRECT ANSWERS a conversion that determines the
equivalent amount of goods and services that different currencies can purchase.
reverse innovation - CORRECT ANSWERS an innovation that is adopted first in emerging
economies and is then diffused around the world.
, C211 WGU EXAM 2024-2025 LATEST UPDATED
QUESTIONS WITH CORRECT 100% DETAILED ANSWERS
A COMPLETE EXAM SOLUTION BEST GRADED TO SCORE
A+ FOR PASS
scenario planning - CORRECT ANSWERS a technique to prepare and plan for multiple scenarios
(either high or low risk).
semiglobalization - CORRECT ANSWERS a perspective that suggests that barriers to market
integration at borders are high, but not high enough to insulate countries from each other
completely.
triad - CORRECT ANSWERS North America, Western Europe, and Japan.
absolute advantage - CORRECT ANSWERS The economic advantage one nation enjoys that is
absolutely superior to other nations.
three views of globalization - CORRECT ANSWERS 1. a new force in recent times.
2. a long-running historical evolution.
3. a pendulum swinging between extremes.
Administrative policy - CORRECT ANSWERS Bureaucratic rules that make it harder to import
foreign goods.
Antidumping duty - CORRECT ANSWERS Tariffs levied on imports that have been "dumped"
(selling below costs to "unfairly" drive domestic firms out of business).
Balance of trade - CORRECT ANSWERS The aggregation of importing and exporting that leads
to the country-level trade surplus or deficit.
