WGU C211 exam with complete solution graded A+

Which view claims that the phenomenon of globalization was initially driven by the desire of Western economies to exploit their power through multinational enterprises? - The new force view Economic gains come from international trade because one country's exported goods, services or other items are unique, valuable, and difficult to duplicate to importing country - Resource-based view What is the aggregation of importing and exporting that leads to the country-level trade surplus or deficit? - Balance of Trade What is a cost of foreign direct investment? - Developing countries may be exploited by multinational enterprises (MNE) Which type of managerial capability is both challenging and difficult to imitate? -Intangible capability What may precious, rare and hard to duplicate resources and capabilities lead to for a firm? - Sustained comparative advantage Which theory of international trade states that poor countries often experience faster rates of economic growth compared to wealthy countries? - The catch-up effect What is the financial environment in which exchange rates and payments for goods and services are conducted? - Commodity Exchange What happens to a country's real exchange rates and nominal interest rate as the price level increases, assuming all other factors are unchanged? - Exchange rates depreciate, interest rates increase What is the easiest method non-financial companies use to handle currency fluctuations? - Commodity TradingWhich strategy minimizes the risk for unanticipated changes in future exchange rates? - Currency Swap A company is looking for a location with an abundance of ground breaking individuals, firms and universities. Which type of strategic goal is this company demonstrating? - Innovation-seekin