WGU C211 - Global Economics for Managers with
complete solution 2022/2023 UPDATE
Views on Globalization - answer New, Evolutionary, and Pendulum
"New" view on globalization - answer A force sweeping through the world in recent times.
"Evolutionary" view on globalization - answer A long-run historical evolution since the dawn of human
history
"Pendulum" view on globalization - answer One that swings from one extreme to another from time to
time
Foreign Direct Investment - answer Direct investment in, control, and management of value-added
activities in other countries
Political views on FDI - answer Radical View, Free Market View, Pragmatic Nationalism
Benefits to a country receiving FDI - answer Capital Inflow, Technology Spillover, Advanced
Management Know-How, Job creation
Costs to a country receiving FDI - answer Loss of Sovereignty, Adverse effects on competition,
, Capital outflow.
How do resources and capabilities influence the competitive dynamics of a business? - answer Resource
similarity and market commonality can yield a powerful framework for competitor analysis.
Resource similarity - 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? - 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 - answer Mercantilism, Absolute advantage, and Comparative
advantage
Modern theory view - answer Dynamic
Classical theory view - answer Static
Absolute advantage - answer The economic advantage one nation enjoys that is superior to other
nations
Comparative advantage - answer The advantage one economic activity nation enjoys in comparison
with other nations (relative, not absolute)
Mercantilism - 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? - answer New, Maturing, and Standardized
complete solution 2022/2023 UPDATE
Views on Globalization - answer New, Evolutionary, and Pendulum
"New" view on globalization - answer A force sweeping through the world in recent times.
"Evolutionary" view on globalization - answer A long-run historical evolution since the dawn of human
history
"Pendulum" view on globalization - answer One that swings from one extreme to another from time to
time
Foreign Direct Investment - answer Direct investment in, control, and management of value-added
activities in other countries
Political views on FDI - answer Radical View, Free Market View, Pragmatic Nationalism
Benefits to a country receiving FDI - answer Capital Inflow, Technology Spillover, Advanced
Management Know-How, Job creation
Costs to a country receiving FDI - answer Loss of Sovereignty, Adverse effects on competition,
, Capital outflow.
How do resources and capabilities influence the competitive dynamics of a business? - answer Resource
similarity and market commonality can yield a powerful framework for competitor analysis.
Resource similarity - 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? - 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 - answer Mercantilism, Absolute advantage, and Comparative
advantage
Modern theory view - answer Dynamic
Classical theory view - answer Static
Absolute advantage - answer The economic advantage one nation enjoys that is superior to other
nations
Comparative advantage - answer The advantage one economic activity nation enjoys in comparison
with other nations (relative, not absolute)
Mercantilism - 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? - answer New, Maturing, and Standardized
