WGU C211 - GLOBAL ECONOMICS FOR
MANAGERS. CONTAINS136 QUESTIONS
AND CORRECT ANSWERS (100%
CORRECT ANSWERS) GRADED A+
Views on Globalization - ANSWER: New, Evolutionary, and Pendulum
"New" view on globalization - ANSWER: A force sweeping through the
world in recent times.
*()))($))(
)%)(&*^
"Evolutionary" view on globalization - ANSWER: A long-run historical &^%$!#
evolution since the dawn of human history &T&^$*
&*&*($(
*(%*(*(
%^*(*(^(
"Pendulum" view on globalization - ANSWER: One that swings from one (^(*(^(*(
^(*(^*(*
extreme to another from time to time (^*(*(*^
&*(*(^(*
(%$*&*
^&&^%*
Foreign Direct Investment - ANSWER: Direct investment in, control, &(*%(*
and management of value-added activities in other countries %
Political views on FDI - ANSWER: Radical View, Free Market View,
Pragmatic Nationalism
Benefits to a country receiving FDI - ANSWER: Capital Inflow,
Technology Spillover, Advanced Management Know-How, Job creation
, WGU C211 - GLOBAL ECONOMICS FOR
MANAGERS. CONTAINS136 QUESTIONS
AND CORRECT ANSWERS (100%
CORRECT ANSWERS) GRADED A+
Costs to a country receiving FDI - ANSWER: Loss of Sovereignty,
Adverse effects on competition,
Capital outflow.
How do resources and capabilities influence the competitive dynamics *()))($))(
of a business? - ANSWER: Resource similarity and market )%)(&*^
&^%$!#
commonality can yield a powerful framework for competitor analysis. &T&^$*
&*&*($(
*(%*(*(
%^*(*(^(
Resource similarity - ANSWER: The extent to which a given (^(*(^(*(
competitor possesses strategic endowment comparable, in terms of ^(*(^*(*
(^*(*(*^
both type and amount, to those of the focal firm.
&*(*(^(*
(%$*&*
^&&^%*
&(*%(*
How does resource similarity impact competitive dynamics? - %
ANSWER: Firms with a high degree are likely to have similar
competitive actions. (Starbuck's instant coffee & McDonald's iced
coffee)
Classical theories of international trade - ANSWER: Mercantilism,
Absolute advantage, and Comparative advantage
Modern theory view - ANSWER: Dynamic
, WGU C211 - GLOBAL ECONOMICS FOR
MANAGERS. CONTAINS136 QUESTIONS
AND CORRECT ANSWERS (100%
CORRECT ANSWERS) GRADED A+
Classical theory view - ANSWER: Static
Absolute advantage - ANSWER: The economic advantage one nation
enjoys that is superior to other nations *()))($))(
)%)(&*^
&^%$!#
&T&^$*
Comparative advantage - ANSWER: The advantage one economic &*&*($(
activity nation enjoys in comparison with other nations (relative, not *(%*(*(
%^*(*(^(
absolute) (^(*(^(*(
^(*(^*(*
(^*(*(*^
&*(*(^(*
Mercantilism - ANSWER: A theory that suggests that the wealth of (%$*&*
the world is fixed and that a nation that exports more and imports less ^&&^%*
&(*%(*
will be richer. %
Features of the product life cycle? - ANSWER: New, Maturing, and
Standardized
Strategic trade - ANSWER: Intervention by governments in certain
industries can enhance their odds for international success.
MANAGERS. CONTAINS136 QUESTIONS
AND CORRECT ANSWERS (100%
CORRECT ANSWERS) GRADED A+
Views on Globalization - ANSWER: New, Evolutionary, and Pendulum
"New" view on globalization - ANSWER: A force sweeping through the
world in recent times.
*()))($))(
)%)(&*^
"Evolutionary" view on globalization - ANSWER: A long-run historical &^%$!#
evolution since the dawn of human history &T&^$*
&*&*($(
*(%*(*(
%^*(*(^(
"Pendulum" view on globalization - ANSWER: One that swings from one (^(*(^(*(
^(*(^*(*
extreme to another from time to time (^*(*(*^
&*(*(^(*
(%$*&*
^&&^%*
Foreign Direct Investment - ANSWER: Direct investment in, control, &(*%(*
and management of value-added activities in other countries %
Political views on FDI - ANSWER: Radical View, Free Market View,
Pragmatic Nationalism
Benefits to a country receiving FDI - ANSWER: Capital Inflow,
Technology Spillover, Advanced Management Know-How, Job creation
, WGU C211 - GLOBAL ECONOMICS FOR
MANAGERS. CONTAINS136 QUESTIONS
AND CORRECT ANSWERS (100%
CORRECT ANSWERS) GRADED A+
Costs to a country receiving FDI - ANSWER: Loss of Sovereignty,
Adverse effects on competition,
Capital outflow.
How do resources and capabilities influence the competitive dynamics *()))($))(
of a business? - ANSWER: Resource similarity and market )%)(&*^
&^%$!#
commonality can yield a powerful framework for competitor analysis. &T&^$*
&*&*($(
*(%*(*(
%^*(*(^(
Resource similarity - ANSWER: The extent to which a given (^(*(^(*(
competitor possesses strategic endowment comparable, in terms of ^(*(^*(*
(^*(*(*^
both type and amount, to those of the focal firm.
&*(*(^(*
(%$*&*
^&&^%*
&(*%(*
How does resource similarity impact competitive dynamics? - %
ANSWER: Firms with a high degree are likely to have similar
competitive actions. (Starbuck's instant coffee & McDonald's iced
coffee)
Classical theories of international trade - ANSWER: Mercantilism,
Absolute advantage, and Comparative advantage
Modern theory view - ANSWER: Dynamic
, WGU C211 - GLOBAL ECONOMICS FOR
MANAGERS. CONTAINS136 QUESTIONS
AND CORRECT ANSWERS (100%
CORRECT ANSWERS) GRADED A+
Classical theory view - ANSWER: Static
Absolute advantage - ANSWER: The economic advantage one nation
enjoys that is superior to other nations *()))($))(
)%)(&*^
&^%$!#
&T&^$*
Comparative advantage - ANSWER: The advantage one economic &*&*($(
activity nation enjoys in comparison with other nations (relative, not *(%*(*(
%^*(*(^(
absolute) (^(*(^(*(
^(*(^*(*
(^*(*(*^
&*(*(^(*
Mercantilism - ANSWER: A theory that suggests that the wealth of (%$*&*
the world is fixed and that a nation that exports more and imports less ^&&^%*
&(*%(*
will be richer. %
Features of the product life cycle? - ANSWER: New, Maturing, and
Standardized
Strategic trade - ANSWER: Intervention by governments in certain
industries can enhance their odds for international success.
