WGU C211 - Global Economics for Managers questions with correct answers

Views on Globalization CORRECT ANSWER New, Evolutionary, and Pendulum "New" view on globalization CORRECT ANSWER A force sweeping through the world in recent times. "Evolutionary" view on globalization CORRECT ANSWER A long-run historical evolution since the dawn of human history "Pendulum" view on globalization CORRECT ANSWER One that swings from one extreme to another from time to time Foreign Direct Investment CORRECT ANSWER Direct investment in, control, and management of value-added activities in other countries Political views on FDI CORRECT ANSWER Radical View, Free Market View, Pragmatic Nationalism Benefits to a country receiving FDI CORRECT ANSWER Capital Inflow, Technology Spillover, Advanced Management Know-How, Job creation Costs to a country receiving FDI CORRECT ANSWER Loss of Sovereignty, Adverse effects on competition, Capital outflow. How do resources and capabilities influence the competitive dynamics of a business? CORRECT ANSWER Resource similarity and market commonality can yield a powerful framework for competitor analysis.