WGU C211 Global Business (Latest ) With Complete Answers 100% Correct
WGU C211 Global Business (Latest ) With Complete Answers 100% Correct 1. What are the benefits of trade? Answer: 1- A greater amount ofchoice in the availability of goods and services 2 - Lower prices for goods and services consumed 3 - Higher living standards 2. What are the benefits of foreign investment? Answer: - Generates jobs - creates unity by erasing borders - brings cultural and technical riches - enhances the skills of domestic workers 3. What are the major international trade theories and what are key featuresof each one? Answer: -Mercantilism -Absolute Advantage - Theory of Comparative Advantage - Heckscher-Ohlin Theory - Factor Price Equalization Theory - Porter's Diamond Model 4. What is the impact of trade policy on various stakeholders such as businesses, consumers, and governments? Answer: Gov't actions altering free flow ofmerch to and from a country Historically, main instrument has been import tariff (but now, non-tariff barriers and export subsidies are more prevalent)
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