WGU C211 - Global Economics for Managers - PA Review

WGU C211 - Global Economics for Managers - PA Review What is one of the elements of the Porter Diamond in the theory of national competitive advantage of industries? - ANSWER Domestic Demand Conditions What is the bandwagon effect? - ANSWER The movement of investors in the same direction at the same time A country has seen a decrease in inflation. What is the effect on the country's currency exchange rate? - ANSWER It increases. What is one of the three primary types of foreign exchange transactions? - ANSWER Spot transactions Who are the primary and largest participants in the foreign exchange market? - ANSWER Large international banks Which company has a natural resource-seeking strategic goal? - ANSWER A company searching for a location where there is an abundance of oil Which entrant is able to erect significant barriers for other entrants? - ANSWER First mover