C211 WGU OA ACTUAL EXAM PAPER
2026 QUESTIONS WITH ANSWERS
GRADED A+
◍ focuses on internal strengths on the firm.
Answer: The resource-based view of global business differs from the
institution-based view of global business in that the resource-based view
_____.
◍ globalization is not a one-directional phenomenon.
Answer: Which of the following is true of globalization according to the
"pendulum view" perspective?
◍ it is a type of globalization that lies between total isolation and total
globalization.
Answer: Which of the following is true of semiglobalization?
◍ A fundamental aspect of _____ is that it effectively conducts global business
by providing an individual the right to freedom of expression and
organization.a. communist totalitarianismb. democracyc. right-wing
totalitarianismd. theocracy.
Answer: b.)
◍ Which of the following is true of the common law system?a. It has spread to
all English-speaking countries and their (former) colonies.b. It does not
allow interpretations of the law by judges.c. It is the oldest legal system in
the world.d. It bases its legal judgment primarily on the dominant religion of
the country..
Answer: a.)
◍ - all of these answers - New force sweeping through the world in recent
times - Long-run historical evolution since dawn of human history -
, Pendulum that swings from one extreme to another from time to time.
Answer: Globalization can be viewed as:
◍ -recent force, -long-running evolution-pendulum.
Answer: Name the three views of globalization
◍ _____ refers to a legal system based on religious teachings.a. Common
lawb. Civil lawc. Right-wing totalitarian lawd. Theocratic law.
Answer: d.)
◍ The TRIPS system was designed to _____.a. create IP rights that adhered to
the norms of individual countriesb. force firms to enforce IP rights through
an informal systemc. make sure that firms follow theocratic lawsd. force
firms to innovate while strictly adhering to IPR guidelines.
Answer: d.)
◍ Mercantilism.
Answer: The _____ theory viewed international trade as a zero-sum game
◍ Which of the following economies would be characterized as having a
laissez faire policy?a. Command economyb. Pure market economyc.
Socialist economyd. Mixed economy.
Answer: b.)
◍ protectionism.
Answer: The _____ principle advocated that governments should actively
protect domestic industries from imports and vigorously promote exports
◍ national competitive advantage.
Answer: Which of the following is a modern trade theory?
◍ Which of the following is true of a pure market economy?a. All factors of
production are privately owned.b. Its policies are based on religious
decree.c. All factors of production are owned by the government.d. It has
elements of both a market economy and a command economy..
Answer: a.)
◍ nontariff barrier.
, Answer: Import quotas are a type of _____.
◍ each nation gains by specializing in economic activities in which a nation
has absolute advantage.
Answer: According to the theory of absolute advantage, under free trade
◍ cultural distance.
Answer: Which of the following is NOT a nontariff trade barrier (NTB)?
◍ Which of the following is true of a command economy?a. It strictly follows
the doctrine of laissez faire.b. The government only performs those
functions that the private sector cannot perform.c. It does not allow private
entrepreneurship.d. All factors of production are privately owned..
Answer: c.)
◍ France has a comparative advantage in wine.
Answer: Chile requires 50 units of resource to produce one ton of wine and
20 units of resource to produce one ton of blueberries. France requires 30
units of resource to produce one ton of wine and 40 units of resource to
produce one ton of blueberries. Which of the following is true?
◍ strategic trade theory.
Answer: Which of the following theories does NOT lead to the conclusion
that unrestricted free trade is in the best interests of all countries?
◍ For which of the following types of economies would the factors of
production depend on the relative distribution of market forces versus
command forces?a. Pure market economyb. Strict laissez faire economyc.
Mixed economyd. Command economy.
Answer: c.)
◍ The idea that market forces should determine how much to trade with little
or no government intervention..
Answer: Free trade is defined as:
◍ Which of the following is true of private ownership?a. It allows financing
only through nationalized banks.b. It tends to force firms into liquidation
, due to high competition.c. Its primary objective is protecting jobs and
minimizing social unrest.d. It empowers the government to determine firm
entry..
Answer: b.)
◍ each nation gains by specializing in economic activities in which a nation
has absolute advantage.
Answer: According to the theory of absolute advantage, under free trade,
◍ government involvement in international trade.
Answer: Protectionism is similar to mercantilism as they both advocated
_____.
◍ Which of the following is NOT a proposition of the institution-based view
of global business?a. Informal institutions do not govern firm behavior.b.
Managers and firms rationally pursue their interests and make choices
within the formal and informal constraints.c. In situations where formal
constraints are unclear, informal constraints will play a larger role in
reducing uncertainty.d. Formal and informal institutions combine to govern
firm behavior..
Answer: a.)
◍ ownership advantages, location advantages, and internalization advantages.
Answer: OLI advantages refer to a firm's quest for _____via FDI
◍ ownership.
Answer: MNEs' possession and leveraging of certain valuable, rare,
hard-to-imitate, and organizationally embedded (VRIO) assets overseas in
the context of FDI refer to _____.
◍ provides the firm with direct ownership to its foreign assets.
Answer: Firms prefer FDI to licensing because FDI_____.
◍ pragmatic nationalism.
Answer: Which of the following political perspectives maintains the view
that FDI has both pros and cons and can only be approved when its benefits
outweigh costs?
2026 QUESTIONS WITH ANSWERS
GRADED A+
◍ focuses on internal strengths on the firm.
Answer: The resource-based view of global business differs from the
institution-based view of global business in that the resource-based view
_____.
◍ globalization is not a one-directional phenomenon.
Answer: Which of the following is true of globalization according to the
"pendulum view" perspective?
◍ it is a type of globalization that lies between total isolation and total
globalization.
Answer: Which of the following is true of semiglobalization?
◍ A fundamental aspect of _____ is that it effectively conducts global business
by providing an individual the right to freedom of expression and
organization.a. communist totalitarianismb. democracyc. right-wing
totalitarianismd. theocracy.
Answer: b.)
◍ Which of the following is true of the common law system?a. It has spread to
all English-speaking countries and their (former) colonies.b. It does not
allow interpretations of the law by judges.c. It is the oldest legal system in
the world.d. It bases its legal judgment primarily on the dominant religion of
the country..
Answer: a.)
◍ - all of these answers - New force sweeping through the world in recent
times - Long-run historical evolution since dawn of human history -
, Pendulum that swings from one extreme to another from time to time.
Answer: Globalization can be viewed as:
◍ -recent force, -long-running evolution-pendulum.
Answer: Name the three views of globalization
◍ _____ refers to a legal system based on religious teachings.a. Common
lawb. Civil lawc. Right-wing totalitarian lawd. Theocratic law.
Answer: d.)
◍ The TRIPS system was designed to _____.a. create IP rights that adhered to
the norms of individual countriesb. force firms to enforce IP rights through
an informal systemc. make sure that firms follow theocratic lawsd. force
firms to innovate while strictly adhering to IPR guidelines.
Answer: d.)
◍ Mercantilism.
Answer: The _____ theory viewed international trade as a zero-sum game
◍ Which of the following economies would be characterized as having a
laissez faire policy?a. Command economyb. Pure market economyc.
Socialist economyd. Mixed economy.
Answer: b.)
◍ protectionism.
Answer: The _____ principle advocated that governments should actively
protect domestic industries from imports and vigorously promote exports
◍ national competitive advantage.
Answer: Which of the following is a modern trade theory?
◍ Which of the following is true of a pure market economy?a. All factors of
production are privately owned.b. Its policies are based on religious
decree.c. All factors of production are owned by the government.d. It has
elements of both a market economy and a command economy..
Answer: a.)
◍ nontariff barrier.
, Answer: Import quotas are a type of _____.
◍ each nation gains by specializing in economic activities in which a nation
has absolute advantage.
Answer: According to the theory of absolute advantage, under free trade
◍ cultural distance.
Answer: Which of the following is NOT a nontariff trade barrier (NTB)?
◍ Which of the following is true of a command economy?a. It strictly follows
the doctrine of laissez faire.b. The government only performs those
functions that the private sector cannot perform.c. It does not allow private
entrepreneurship.d. All factors of production are privately owned..
Answer: c.)
◍ France has a comparative advantage in wine.
Answer: Chile requires 50 units of resource to produce one ton of wine and
20 units of resource to produce one ton of blueberries. France requires 30
units of resource to produce one ton of wine and 40 units of resource to
produce one ton of blueberries. Which of the following is true?
◍ strategic trade theory.
Answer: Which of the following theories does NOT lead to the conclusion
that unrestricted free trade is in the best interests of all countries?
◍ For which of the following types of economies would the factors of
production depend on the relative distribution of market forces versus
command forces?a. Pure market economyb. Strict laissez faire economyc.
Mixed economyd. Command economy.
Answer: c.)
◍ The idea that market forces should determine how much to trade with little
or no government intervention..
Answer: Free trade is defined as:
◍ Which of the following is true of private ownership?a. It allows financing
only through nationalized banks.b. It tends to force firms into liquidation
, due to high competition.c. Its primary objective is protecting jobs and
minimizing social unrest.d. It empowers the government to determine firm
entry..
Answer: b.)
◍ each nation gains by specializing in economic activities in which a nation
has absolute advantage.
Answer: According to the theory of absolute advantage, under free trade,
◍ government involvement in international trade.
Answer: Protectionism is similar to mercantilism as they both advocated
_____.
◍ Which of the following is NOT a proposition of the institution-based view
of global business?a. Informal institutions do not govern firm behavior.b.
Managers and firms rationally pursue their interests and make choices
within the formal and informal constraints.c. In situations where formal
constraints are unclear, informal constraints will play a larger role in
reducing uncertainty.d. Formal and informal institutions combine to govern
firm behavior..
Answer: a.)
◍ ownership advantages, location advantages, and internalization advantages.
Answer: OLI advantages refer to a firm's quest for _____via FDI
◍ ownership.
Answer: MNEs' possession and leveraging of certain valuable, rare,
hard-to-imitate, and organizationally embedded (VRIO) assets overseas in
the context of FDI refer to _____.
◍ provides the firm with direct ownership to its foreign assets.
Answer: Firms prefer FDI to licensing because FDI_____.
◍ pragmatic nationalism.
Answer: Which of the following political perspectives maintains the view
that FDI has both pros and cons and can only be approved when its benefits
outweigh costs?
