UPDATED 2024/2025 C211 OA Questions and answers
With Complete Solution Graded and Already Passed.
view that claims phenomenon of globalization was initially driven by the desire of
Western economies to exploit their power through MNE's - (ANSWER)new
view that claims globalization is a long-run historical evolution since the dawn of
humanity. Says it is nothing new and that it will always exist -
(ANSWER)evolutionary
view that claims globalization is swinging from one extreme to another from time
to time - (ANSWER)pendulum
investment in, controlling, and managing value-added activities in other countries
- (ANSWER)foreign direct investment
political view hostile to FDI. believes it is an instrument of imperialism and vehicle
for exploitation of domestic resources by foreign capitalists and firms -
(ANSWER)radical
suggests that FDI, unrestricted by government intervention, will enable countries
to tap into their absolute or comparative advantages by specializing in the
production of certain goods and services - (ANSWER)free market
views FDI as having pros and cons and only approving FDI when its benefits
outweigh costs - (ANSWER)pragmatic nationalis
,what benefits exist to a country receiving FDI? - (ANSWER)capital inflow,
technology spillovers, advanced management know-how, creates jobs
what costs exist to a country receiving FDI? - (ANSWER)loss of sovereignty,
adverse effects on competition, net outflow in the capital account
The aggregation of importing and exporting that leads to the country-level trade
surplus or deficit. - (ANSWER)balance of trade
firms with a _____ degree of resource similarity are likely to have similar
competitive actions - (ANSWER)high
a high degree of resource similarity but low market commonality = _______
intensity of rivalry - (ANSWER)highest
little resource similarity but high market commonality = _____ intensity of rivalry -
(ANSWER)lowest
mercantilism, absolute advantage and comparative advantage belong to what
theory of international trade - (ANSWER)classical
theory of international trade that relies on more realistic product life cycles and
first mover advantages - (ANSWER)modern
, under free trade, a nation gains by specializing in economic activities in which it
has _____advantage - (ANSWER)absolute
focuses on the idea that if a country does not have absolute advantage, they can
still choose to specialize in the production of one good where it has ______
advantage - (ANSWER)comparative
comparative advantage and absolute advantage stem from - (ANSWER)factor
endowments
theory that the wealth of the world is fixed and that a nation that imports more
and exports less will be richer - (ANSWER)mercantilism
stage of the product life cycle where production of a new product that commands
a price premium will concentrate in the US - (ANSWER)new
stage of the product life cycle where demand and ability to produce grow in other
developed nations - (ANSWER)maturing
stage of the product life cycle where the previously new product is commoditized
and production will now move to low-cost developing nations -
(ANSWER)standardized
With Complete Solution Graded and Already Passed.
view that claims phenomenon of globalization was initially driven by the desire of
Western economies to exploit their power through MNE's - (ANSWER)new
view that claims globalization is a long-run historical evolution since the dawn of
humanity. Says it is nothing new and that it will always exist -
(ANSWER)evolutionary
view that claims globalization is swinging from one extreme to another from time
to time - (ANSWER)pendulum
investment in, controlling, and managing value-added activities in other countries
- (ANSWER)foreign direct investment
political view hostile to FDI. believes it is an instrument of imperialism and vehicle
for exploitation of domestic resources by foreign capitalists and firms -
(ANSWER)radical
suggests that FDI, unrestricted by government intervention, will enable countries
to tap into their absolute or comparative advantages by specializing in the
production of certain goods and services - (ANSWER)free market
views FDI as having pros and cons and only approving FDI when its benefits
outweigh costs - (ANSWER)pragmatic nationalis
,what benefits exist to a country receiving FDI? - (ANSWER)capital inflow,
technology spillovers, advanced management know-how, creates jobs
what costs exist to a country receiving FDI? - (ANSWER)loss of sovereignty,
adverse effects on competition, net outflow in the capital account
The aggregation of importing and exporting that leads to the country-level trade
surplus or deficit. - (ANSWER)balance of trade
firms with a _____ degree of resource similarity are likely to have similar
competitive actions - (ANSWER)high
a high degree of resource similarity but low market commonality = _______
intensity of rivalry - (ANSWER)highest
little resource similarity but high market commonality = _____ intensity of rivalry -
(ANSWER)lowest
mercantilism, absolute advantage and comparative advantage belong to what
theory of international trade - (ANSWER)classical
theory of international trade that relies on more realistic product life cycles and
first mover advantages - (ANSWER)modern
, under free trade, a nation gains by specializing in economic activities in which it
has _____advantage - (ANSWER)absolute
focuses on the idea that if a country does not have absolute advantage, they can
still choose to specialize in the production of one good where it has ______
advantage - (ANSWER)comparative
comparative advantage and absolute advantage stem from - (ANSWER)factor
endowments
theory that the wealth of the world is fixed and that a nation that imports more
and exports less will be richer - (ANSWER)mercantilism
stage of the product life cycle where production of a new product that commands
a price premium will concentrate in the US - (ANSWER)new
stage of the product life cycle where demand and ability to produce grow in other
developed nations - (ANSWER)maturing
stage of the product life cycle where the previously new product is commoditized
and production will now move to low-cost developing nations -
(ANSWER)standardized
