C211 WGU 2025 GLOBAL ECONOMICS FOR
MANAGERS EXAM MOST TESTED 450
QUESTIONS WITH VERIFIED ANSWERS ALREADY
GRADED A+ | ASSURED SUCCESS
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Terms in this set (437)
Economies where people make less than $2,000 per
Base of the pyramid (BOP)
capita per year.
BRICA Brazil, Russia, India, and China.
term that has gradually replaced the term "developing
Emerging economies
countries" since the 1990s.
A term that is often used interchangeably with
Emerging markets
"emerging economies."
Expatriate manager A manager who works abroad, or "expat" for short.
, Foreign direct investment Investment in, controlling, and managing value-added
(FDI) activities in other countries.
Global Business Business around the globe.
The close integration of countries and peoples of the
Globalization
world.
The sum of value added by resident firms,
Gross domestic product
households, and governments operating in an
(GDP)
economy.
GDP plus income from non-resident sources abroad.
Gross national income The term used by the World Bank and other
(GNI) international organizations to supersede the term
GNP.
Gross national product GDP plus income from non-resident sources abroad
(GNP)
The group of 19 major countries plus the European
Group of 20 (G-20) Union (EU) whose leaders meet on a biannual basis to
solve global economic problems.
(1) A business (or firm) that engages in international
International business (IB) (cross-border) economic activities and/or (2) the
action of doing business abroad.
International premium A significant pay raise when working overseas.
The inherent disadvantage that foreign firms
Liability of foreignness experience in host countries because of their non-
native status.
Multinational enterprise A firm that engages in foreign direct investment (FDI).
(MNE)
Nongovernmental An organization that is not affiliated with
organization (NGO) governments.
A conversion that determines the equivalent amount
Purchasing power parity
of goods and services that different currencies can
(PPP)
purchase.
MANAGERS EXAM MOST TESTED 450
QUESTIONS WITH VERIFIED ANSWERS ALREADY
GRADED A+ | ASSURED SUCCESS
Practice questions for this set
Learn
Studied 7 terms
Nice work. You’re doing brilliantly.
Continue studying in Learn
Terms in this set (437)
Economies where people make less than $2,000 per
Base of the pyramid (BOP)
capita per year.
BRICA Brazil, Russia, India, and China.
term that has gradually replaced the term "developing
Emerging economies
countries" since the 1990s.
A term that is often used interchangeably with
Emerging markets
"emerging economies."
Expatriate manager A manager who works abroad, or "expat" for short.
, Foreign direct investment Investment in, controlling, and managing value-added
(FDI) activities in other countries.
Global Business Business around the globe.
The close integration of countries and peoples of the
Globalization
world.
The sum of value added by resident firms,
Gross domestic product
households, and governments operating in an
(GDP)
economy.
GDP plus income from non-resident sources abroad.
Gross national income The term used by the World Bank and other
(GNI) international organizations to supersede the term
GNP.
Gross national product GDP plus income from non-resident sources abroad
(GNP)
The group of 19 major countries plus the European
Group of 20 (G-20) Union (EU) whose leaders meet on a biannual basis to
solve global economic problems.
(1) A business (or firm) that engages in international
International business (IB) (cross-border) economic activities and/or (2) the
action of doing business abroad.
International premium A significant pay raise when working overseas.
The inherent disadvantage that foreign firms
Liability of foreignness experience in host countries because of their non-
native status.
Multinational enterprise A firm that engages in foreign direct investment (FDI).
(MNE)
Nongovernmental An organization that is not affiliated with
organization (NGO) governments.
A conversion that determines the equivalent amount
Purchasing power parity
of goods and services that different currencies can
(PPP)
purchase.
