(Top QUALITY 2024/2025 EXAM REVIEW)WGU C211 focus questions from chapters, C211 Global Economics for Managers, Complete Exam Review, Graded A+. VERIFIED.

WGU C211 focus questions from chapters, C211 Global Economics for Managers, Complete Exam Review, Graded A+. VERIFIED. Globalization can be viewed as: - -1. a new force sweeping through the world in recent times. 2. a long-run historical evolution since the dawn of human history. 3. a pendulum that swings from one extreme to another from time to time. Which are the three views of globalization? - -A recent force, a long-running evolution, and a pendulum An import quota is: - -restriction on the quantity of imports that can be brought into a country. Examples of nontariff trade barrier (NTB) - -Import quotas Local content requirements Subsidies Free trade is defined as: - -The idea that market forces should determine how much to trade with little or no government intervention. political argument against free trade - -Consumer protection National security Environmental and social responsibility To express its opposition to the political regime in Myanmar, the United States has banned the importation of jade and other gemstones from that country. This is an example of a - -trade embargo The primary political views on FDI are: - -Free market and pragmatic nationalism Firms can increase their chances of success with FDI by - -1. assessing whether FDI is justified, in light of other options. 2. understanding that political realities either facilitate or constrain FDI. 3. leveraging OLI advantages in a way that is valuable, unique, and hard to imitate by rival firms. How do firms create value when engaging rivals - -1. Secure patents on key products. 2. All of these 3. Launch products in multiple markets. 4. Hold a dominant position in key markets. The theory of comparative advantage was advocated by - -David Ricardo The modern trade theories include the following - -1. Theory of product life cycle 2. Theory of national competitive advantage of industries