WGU C211 - Global Economics for Managers Exam
Questions and Answers Rated A+ Latest 2023
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
,WGU C211 - Global Economics for Managers Exam
Questions and Answers Rated A+ Latest 2023
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.
Resource similarity - correct answer ✅The extent to which a given
competitor possesses strategic endowment comparable, in terms of both
type and amount, to those of the focal firm.
How does resource similarity impact competitive dynamics? - correct
answer ✅Firms with a high degree are likely to have similar competitive
actions. (Starbuck's instant coffee & McDonald's iced coffee)
Classical theories of international trade - correct answer ✅Mercantilism,
Absolute advantage, and Comparative advantage
, WGU C211 - Global Economics for Managers Exam
Questions and Answers Rated A+ Latest 2023
Modern theory view - correct answer ✅Dynamic
Classical theory view - correct answer ✅Static
Absolute advantage - correct answer ✅The economic advantage one nation
enjoys that is superior to other nations
Comparative advantage - correct answer ✅The advantage one economic
activity nation enjoys in comparison with other nations (relative, not
absolute)
Mercantilism - correct answer ✅A theory that suggests that the wealth of
the world is fixed and that a nation that exports more and imports less will
be richer.
Features of the product life cycle? - correct answer ✅New, Maturing, and
Standardized
Questions and Answers Rated A+ Latest 2023
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
,WGU C211 - Global Economics for Managers Exam
Questions and Answers Rated A+ Latest 2023
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.
Resource similarity - correct answer ✅The extent to which a given
competitor possesses strategic endowment comparable, in terms of both
type and amount, to those of the focal firm.
How does resource similarity impact competitive dynamics? - correct
answer ✅Firms with a high degree are likely to have similar competitive
actions. (Starbuck's instant coffee & McDonald's iced coffee)
Classical theories of international trade - correct answer ✅Mercantilism,
Absolute advantage, and Comparative advantage
, WGU C211 - Global Economics for Managers Exam
Questions and Answers Rated A+ Latest 2023
Modern theory view - correct answer ✅Dynamic
Classical theory view - correct answer ✅Static
Absolute advantage - correct answer ✅The economic advantage one nation
enjoys that is superior to other nations
Comparative advantage - correct answer ✅The advantage one economic
activity nation enjoys in comparison with other nations (relative, not
absolute)
Mercantilism - correct answer ✅A theory that suggests that the wealth of
the world is fixed and that a nation that exports more and imports less will
be richer.
Features of the product life cycle? - correct answer ✅New, Maturing, and
Standardized
