Latest WGU C211 Global Economics Practice Exam |Question and Answers| 100% Correct

Latest WGU C211 Global Economics Practice Exam |Question and Answers| 100% Correct What are the three views of globalization? *Ans* New, Evolutionary and Pendulum What is foreign direct investment (FDI) *Ans* FDI is direct investment in, control, and management of value-added activieies in other countries. FDI=Stocks/Bonds What different political vies exist on FDI? *Ans* Radical, Free Market, and Pragramatic Nationalism What benefits exist to a country receiving FDI *Ans* Capital inflow, Technology, management, job creation What costs exist to a country receiving FDI? *Ans* Loss of sovereignty, adverse effects on competiotion, and capital outflow How to do resources influence competitive dynamics of a business *Ans* Value, rarity,imitibility, and organization (VRIO) How to capabilities impact the competitive dynamics of a firm? *Ans* Competitive dynamics are the actions and responses undertaken by competing firms. Counterattacks are driven by awareness, motivation and capability. What is resource similarity and how does this impact competitive dynamics *Ans* Resource similarity is 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 do firms create value when engaging rivals? *A