WGU D080 Pre-Assessment Questions With Correct Answers (Latest Graded A+ 2023/2024)

WGU D080 Pre-Assessment Questions With Correct Answers (Latest Graded A+ 2023/2024) Two countries agree to open their borders to international business transactions with one another without tariffs. How does this affect global business? - Answer It leads to developing free trade policies with strategic partners. A country uses its established technology infrastructure to produce a good. What is the impact of this infrastructure on trade? - Answer It will create barriers to entry for other nations. What was the economic impact of the North American Free Trade Agreement (NAFTA)? - Answer The shift of jobs away from low comparative advantage industries A company that is located in Country A would like to sell products in Country B. The government of Country B is pushing for a tariff-based international trade agreement on the product. What is the reasoning behind Country B's decision? - Answer Country B seeks to protect its economy and give it the opportunity for long-term expansion. Countries A and B participate in trade agreements that allow free trade among participant countries. However, Country A imposed quotas on several imported products to protect its domestic products. What is the effect, if any, on the domestic prices of these products? - Answer Increases Two countries decide to open up trade with each other. What is likely to happen when trade opens up? - Answer Jobs will increase in comparative advantage industries. What is a purpose of a country implementing trade protectionism? - Answer To protect an infant industry Which negative outcome on political systems comes from globalization? - Answer Creation of isolationist policies Which factor results in a higher rate of globalization? - Answer Reduced trade barriers What are the four factors in Ghemawat's CAGE analysis? - Answer Culture, administration, geography, economy What is a major drawback to the home country when companies outsource manufacturing jobs to countries with lower worker wages? - Answer Loss of manufacturing jobs A country has a characteristic traditional economic system with poor infrastructure and limited economic opportunity. What is the impact of this system on the process