WGU C211 - GLOBAL
ECONOMICS FOR
MANAGERS EXAM WITH
ALL ANSWERS
ViewsgongGlobalizationg-gcorrectganswer-New,gEvolutionary,gandgPendulum
"New"gviewgongglobalizationg-gcorrectganswer-
Agforcegsweepinggthroughgthegworldgingrecentgtimes.
"Evolutionary"gviewgongglobalizationg-gcorrectganswer-Aglong-
runghistoricalgevolutiongsincegthegdawngofghumanghistory
"Pendulum"gviewgongglobalizationg-gcorrectganswer-
Onegthatgswingsgfromgonegextremegtoganothergfromgtimegtogtime
ForeigngDirectgInvestmentg-gcorrectganswer-
Directginvestmentgin,gcontrol,gandgmanagementgofgvalue-
addedgactivitiesgingothergcountries
PoliticalgviewsgongFDIg-gcorrectganswer-
RadicalgView,gFreegMarketgView,gPragmaticgNationalism
, BenefitsgtogagcountrygreceivinggFDIg-gcorrectganswer-
CapitalgInflow,gTechnologygSpillover,gAdvancedgManagementgKnow-
How,gJobgcreation
CostsgtogagcountrygreceivinggFDIg-gcorrectganswer-
LossgofgSovereignty,gAdversegeffectsgongcompetition,g
Capitalgoutflow.
Howgdogresourcesgandgcapabilitiesginfluencegthegcompetitivegdynamicsgofgagbusine
ss?g-gcorrectganswer-
Resourcegsimilaritygandgmarketgcommonalitygcangyieldgagpowerfulgframeworkgforgco
mpetitorganalysis.
Resourcegsimilarityg-gcorrectganswer-
Thegextentgtogwhichgaggivengcompetitorgpossessesgstrategicgendowmentgcomparabl
e,gingtermsgofgbothgtypegandgamount,gtogthosegofgthegfocalgfirm.
Howgdoesgresourcegsimilaritygimpactgcompetitivegdynamics?g-gcorrectganswer-
Firmsgwithgaghighgdegreegareglikelygtoghavegsimilargcompetitivegactions.g(Starbuck's
ginstantgcoffeeg&gMcDonald'sgicedgcoffee)
Classicalgtheoriesgofginternationalgtradeg-gcorrectganswer-
Mercantilism,gAbsolutegadvantage,gandgComparativegadvantage
Moderngtheorygviewg-gcorrectganswer-Dynamic
Classicalgtheorygviewg-gcorrectganswer-Static
Absolutegadvantageg-gcorrectganswer-
Thegeconomicgadvantagegonegnationgenjoysgthatgisgsuperiorgtogothergnations
Comparativegadvantageg-gcorrectganswer-
Thegadvantagegonegeconomicgactivitygnationgenjoysgingcomparisongwithgothergnatio
nsg(relative,gnotgabsolute)
Mercantilismg-gcorrectganswer-
Agtheorygthatgsuggestsgthatgthegwealthgofgthegworldgisgfixedgandgthatgagnationgthatg
exportsgmoregandgimportsglessgwillgbegricher.
Featuresgofgthegproductglifegcycle?g-gcorrectganswer-
New,gMaturing,gandgStandardized
Strategicgtradeg-gcorrectganswer-
Interventiongbyggovernmentsgingcertaingindustriesgcangenhancegtheirgoddsgforgintern
ationalgsuccess.
Howgaregsupplygandgdemandgrelatedgtogthegexchangegrategofgagcountry?g-
gcorrectganswer-
Thegpricegofgagcommodity,gagcountry'sgcurrency,gisgfundamentallygdeterminedgbygthi
s.gStronggdemandgleadsgtogpriceghikes;goversupplygresultsgingpricegdrops.
ECONOMICS FOR
MANAGERS EXAM WITH
ALL ANSWERS
ViewsgongGlobalizationg-gcorrectganswer-New,gEvolutionary,gandgPendulum
"New"gviewgongglobalizationg-gcorrectganswer-
Agforcegsweepinggthroughgthegworldgingrecentgtimes.
"Evolutionary"gviewgongglobalizationg-gcorrectganswer-Aglong-
runghistoricalgevolutiongsincegthegdawngofghumanghistory
"Pendulum"gviewgongglobalizationg-gcorrectganswer-
Onegthatgswingsgfromgonegextremegtoganothergfromgtimegtogtime
ForeigngDirectgInvestmentg-gcorrectganswer-
Directginvestmentgin,gcontrol,gandgmanagementgofgvalue-
addedgactivitiesgingothergcountries
PoliticalgviewsgongFDIg-gcorrectganswer-
RadicalgView,gFreegMarketgView,gPragmaticgNationalism
, BenefitsgtogagcountrygreceivinggFDIg-gcorrectganswer-
CapitalgInflow,gTechnologygSpillover,gAdvancedgManagementgKnow-
How,gJobgcreation
CostsgtogagcountrygreceivinggFDIg-gcorrectganswer-
LossgofgSovereignty,gAdversegeffectsgongcompetition,g
Capitalgoutflow.
Howgdogresourcesgandgcapabilitiesginfluencegthegcompetitivegdynamicsgofgagbusine
ss?g-gcorrectganswer-
Resourcegsimilaritygandgmarketgcommonalitygcangyieldgagpowerfulgframeworkgforgco
mpetitorganalysis.
Resourcegsimilarityg-gcorrectganswer-
Thegextentgtogwhichgaggivengcompetitorgpossessesgstrategicgendowmentgcomparabl
e,gingtermsgofgbothgtypegandgamount,gtogthosegofgthegfocalgfirm.
Howgdoesgresourcegsimilaritygimpactgcompetitivegdynamics?g-gcorrectganswer-
Firmsgwithgaghighgdegreegareglikelygtoghavegsimilargcompetitivegactions.g(Starbuck's
ginstantgcoffeeg&gMcDonald'sgicedgcoffee)
Classicalgtheoriesgofginternationalgtradeg-gcorrectganswer-
Mercantilism,gAbsolutegadvantage,gandgComparativegadvantage
Moderngtheorygviewg-gcorrectganswer-Dynamic
Classicalgtheorygviewg-gcorrectganswer-Static
Absolutegadvantageg-gcorrectganswer-
Thegeconomicgadvantagegonegnationgenjoysgthatgisgsuperiorgtogothergnations
Comparativegadvantageg-gcorrectganswer-
Thegadvantagegonegeconomicgactivitygnationgenjoysgingcomparisongwithgothergnatio
nsg(relative,gnotgabsolute)
Mercantilismg-gcorrectganswer-
Agtheorygthatgsuggestsgthatgthegwealthgofgthegworldgisgfixedgandgthatgagnationgthatg
exportsgmoregandgimportsglessgwillgbegricher.
Featuresgofgthegproductglifegcycle?g-gcorrectganswer-
New,gMaturing,gandgStandardized
Strategicgtradeg-gcorrectganswer-
Interventiongbyggovernmentsgingcertaingindustriesgcangenhancegtheirgoddsgforgintern
ationalgsuccess.
Howgaregsupplygandgdemandgrelatedgtogthegexchangegrategofgagcountry?g-
gcorrectganswer-
Thegpricegofgagcommodity,gagcountry'sgcurrency,gisgfundamentallygdeterminedgbygthi
s.gStronggdemandgleadsgtogpriceghikes;goversupplygresultsgingpricegdrops.
