PRE-ASSESSMENT: GLOBAL ECONOMICS FOR MANAGERS (UZC2). WGU C211. Correct Answers Only., Exam Questions and answers, graded A 2024

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 the importing countries - -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). What may precious, rare, and hard-to-duplicate resources and capabilities lead to for a firm? - - Sustained comparative advantage Which theory states that patterns of international trade change across new, maturing, and standardized stages? - -Product life cycle theory What is the financial environment in which exchange rates and payments for goods and services are conducted? - -International monetary system