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Exam (elaborations)

WGU C211 - GLOBAL ECONOMICS FOR MANAGERS EXAM WITH ALL ANSWERS

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WGU C211 - GLOBAL ECONOMICS FOR MANAGERS EXAM WITH ALL ANSWERS

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  • wgu c211 global economics for managers exam with

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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.
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