WGU C211 Global Economics Terms Questions and Answers 100% Pass

WGU C211 Global Economics Terms Questions and Answers 100% Pass Foreign Direct Investment (FDI) - Correct Answer ️️ -Investment in, controlling, and managing value-added activities in other countries. Mercantilism/Theory of Mercantilism - Correct 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. Strategic Trade Policy - Correct Answer ️️ -Government policy that provides companies a strategic advantage in international trade through subsidies and other supports. Transaction Risk - Correct Answer ️️ -It's the exchange rate risk associated with the time delay between entering into a contract and settling it. Cognitive Pillar - Correct Answer ️️ -The internalized (or taken-forgranted) values and beliefs that guide individual and firm behavior. Normative Pillar - Correct Answer ️️ -The mechanism through which norms influence individual and firm behavior. Regulatory Pillar - Correct Answer ️️ -The coercive power of Governments. Democracy - Correct Answer ️️ -A political system in which citizens elect representatives to govern the country on their behalf.