WGU C211 PRE-ASSESSMENT: GLOBAL ECONOMICS FOR MANAGERS (UZC2) | 50 Questions with 100% Correct Answers | Verified | Latest Update

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 newforce 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