WGU C211 OA quizzes Questions and Answers Already Passed

The term "emerging economies" has replaced the term _____. - ️️Developing countries The gross domestic product plus the income from non-resident sources abroad gives the ____. - ️️gross national product More than 25% of global GDP comes from _____. - ️️BRICS countries Viewing the global economy as a pyramid, the Triad refers to _____. - ️️North America, Western Europe, and Japan People who earn _____ a year comprise the base of the global economic pyramid. - ️️less than $2,000 Which of the following would be an example of a top down innovation? - ️️Lowering prices and features of existing products to meet emerging market needs Which of the following is true of the Group of 20 (G-20)? - ️️It only has 19 member countries. Which of the following does the institution-based view of global business lay emphasis on? - ️️Understanding the laws and values of the firm's host nation. The resource-based view of global business differs from the institution-based view of global business in that the resource-based view _____. - ️️focuses on the internal strengths on the firm