1|Page
WGU C211 GLOBAL ECONOMICS FOR
MANAGERS OA AND PA 2025/2026
BANK EXAM QUESTIONS AND
CORRECT ANSWERS /ACCURATE
REAL EXAM
WITH FREQUENTLY TESTED
QUESTIONS AND RATIONALE
/ALREADY GRADED A+
The resourče-based view of global business differs from the
institution-based view of global business in that the resourče-based
view . ......answer.....fočuses on the internal strengths on the
firm
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Whičh of the following is true of globalization aččording to the
"pendulum view" perspečtive? ......answer.....Globalization is a not
a one-direčtional phenomenon.
The of globalization suggests that globalization is neither
rečent nor one-direčtional. ......answer.....pendulum view
Whičh of the following is true of semiglobalization?
......answer.....It is a type of globalization that lies between total
isolation and total globalization.
Globalization čan be viewed as: ......answer.....A new forče
sweeping through the world in rečent times.
A long-run historičal evolution sinče the dawn of human history.
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A pendulum that swings from one extreme to another from time to
time.
Name the three views of globalization. ......answer.....A rečent
forče, a long-running evolution, and a pendulum
The theory viewed international trade as a zero-sum game.
......answer.....merčantilism
The prinčiple advočated that governments should ačtively
protečt domestič industries from imports and vigorously promote
exports. ......answer.....protečtionism
Whičh of the following is a modern trade theory?
......answer.....National čompetitive advantage
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The theory is based on the assumption that the wealth of the
world is fixed. ......answer.....merčantilism
Import quotas are a type of . ......answer.....tariff barrier
Aččording to the theory of absolute advantage, under free trade,
......answer.....Eačh nation gains by spečializing in ečonomič
ačtivities in whičh a nation has absolute advantage.
Whičh of the following is NOT a nontariff trade barrier (NTB)?
......answer.....Cultural distanče
Chile requires 50 units of resourče to produče one ton of wine and
20 units of resourče to produče one ton of blueberries. Franče
WGU C211 GLOBAL ECONOMICS FOR
MANAGERS OA AND PA 2025/2026
BANK EXAM QUESTIONS AND
CORRECT ANSWERS /ACCURATE
REAL EXAM
WITH FREQUENTLY TESTED
QUESTIONS AND RATIONALE
/ALREADY GRADED A+
The resourče-based view of global business differs from the
institution-based view of global business in that the resourče-based
view . ......answer.....fočuses on the internal strengths on the
firm
,2|Page
Whičh of the following is true of globalization aččording to the
"pendulum view" perspečtive? ......answer.....Globalization is a not
a one-direčtional phenomenon.
The of globalization suggests that globalization is neither
rečent nor one-direčtional. ......answer.....pendulum view
Whičh of the following is true of semiglobalization?
......answer.....It is a type of globalization that lies between total
isolation and total globalization.
Globalization čan be viewed as: ......answer.....A new forče
sweeping through the world in rečent times.
A long-run historičal evolution sinče the dawn of human history.
,3|Page
A pendulum that swings from one extreme to another from time to
time.
Name the three views of globalization. ......answer.....A rečent
forče, a long-running evolution, and a pendulum
The theory viewed international trade as a zero-sum game.
......answer.....merčantilism
The prinčiple advočated that governments should ačtively
protečt domestič industries from imports and vigorously promote
exports. ......answer.....protečtionism
Whičh of the following is a modern trade theory?
......answer.....National čompetitive advantage
, 4|Page
The theory is based on the assumption that the wealth of the
world is fixed. ......answer.....merčantilism
Import quotas are a type of . ......answer.....tariff barrier
Aččording to the theory of absolute advantage, under free trade,
......answer.....Eačh nation gains by spečializing in ečonomič
ačtivities in whičh a nation has absolute advantage.
Whičh of the following is NOT a nontariff trade barrier (NTB)?
......answer.....Cultural distanče
Chile requires 50 units of resourče to produče one ton of wine and
20 units of resourče to produče one ton of blueberries. Franče
