4/21/26, 5:45 WGU C211 - Global Economics for Managers Flashcards |
PM
WGU C211 Global Economics for Managers Complete Exam
Q&A Pack | Globalization, FDI, Trade Theories, Monetary
Policy & Market Structures | Updated 2026/2027 Study
Bundle.
Views on Globalization New, Evolutionary, and Pendulum
"New" view on globalization A force sweeping through the world in recent times.
"Evolutionary" view on globalization A long-run historical evolution since the dawn of human history
"Pendulum" view on globalization One that swings from one extreme to another from time to time
Foreign Direct Investment Direct investment in, control, and management of value-added
activities in other countries
Political views on FDI Radical View, Free Market View, Pragmatic Nationalism
Benefits to a country receiving FDI Capital Inflow, Technology Spillover, Advanced Management Know-How,
Job creation
Costs to a country receiving FDI Loss of Sovereignty, Adverse effects on
competition, Capital outflow.
How do resources and capabilities influence the Resource similarity and market commonality can yield a powerful
competitive dynamics of a business? framework for competitor analysis.
Resource similarity 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 Firms with a high degree are likely to have similar competitive actions.
competitive dynamics? (Starbuck's instant coffee & McDonald's iced coffee)
Classical theories of international trade Mercantilism, Absolute advantage, and Comparative advantage
Modern theory view Dynamic
1/11
, 4/21/26, 5:45 WGU C211 - Global Economics for Managers Flashcards |
PM
Classical theory view Static
Absolute advantage The economic advantage one nation enjoys that is superior to other
nations
2/11
PM
WGU C211 Global Economics for Managers Complete Exam
Q&A Pack | Globalization, FDI, Trade Theories, Monetary
Policy & Market Structures | Updated 2026/2027 Study
Bundle.
Views on Globalization New, Evolutionary, and Pendulum
"New" view on globalization A force sweeping through the world in recent times.
"Evolutionary" view on globalization A long-run historical evolution since the dawn of human history
"Pendulum" view on globalization One that swings from one extreme to another from time to time
Foreign Direct Investment Direct investment in, control, and management of value-added
activities in other countries
Political views on FDI Radical View, Free Market View, Pragmatic Nationalism
Benefits to a country receiving FDI Capital Inflow, Technology Spillover, Advanced Management Know-How,
Job creation
Costs to a country receiving FDI Loss of Sovereignty, Adverse effects on
competition, Capital outflow.
How do resources and capabilities influence the Resource similarity and market commonality can yield a powerful
competitive dynamics of a business? framework for competitor analysis.
Resource similarity 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 Firms with a high degree are likely to have similar competitive actions.
competitive dynamics? (Starbuck's instant coffee & McDonald's iced coffee)
Classical theories of international trade Mercantilism, Absolute advantage, and Comparative advantage
Modern theory view Dynamic
1/11
, 4/21/26, 5:45 WGU C211 - Global Economics for Managers Flashcards |
PM
Classical theory view Static
Absolute advantage The economic advantage one nation enjoys that is superior to other
nations
2/11
