C211 Global Economics For Managers WGU Pre Assessment
And Retake Questions And Answers (Verified Answers), 100%
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1. The resource-based view of global business differs from the institu-
r r r r r r r r r
tion-based view of global business in that the resource-based view
r r r r r r r r r r .-
…Ans>> focuses on the internal strengths on the firm
rr r r r r r r r
2. Which of the following is true of globalization according to the "pendulum
r r r r r r r r r r r
r view" perspective?
r
…Ans>> Globalization is a not a one-directional phenomenon.
rr r r r r r r
3. The r of globalization suggests that globalization is neither recent nor
r r r r r r r r
r one-directional.
…Ans>> pendulum view
rr r
4. Which of the following is true of semiglobalization?
r r r r r r r
…Ans>> It is a type of globalization that lies between total isolation and total
rr r r r r r r r r r r r r
r globalization.
,5. Globalization can be viewed as r r r r
…Ans>> A new force sweeping through the world in recent times.
rr r r r r r r r r r
A long-run historical evolution since the dawn of human history.
r r r r r r r r r
A pendulum that swings from one extreme to another from time to time.
r r r r r r r r r r r r
6. Name the three views of globalization.
r r r r r
…Ans>> A recent force, a long-running evolution, and a pendulum
rr r r r r r r r r
7. The r theory viewed international trade as a zero-sum game.
r r r r r r r
…Ans>> mercantilism rr
8. The r principle advocated that governments should actively protect do-
r r r r r r r
mestic industries from imports and vigorously promote exports.
r r r r r r r r
…Ans>> protectionism rr
9. Which of the following is a modern trade theory?
r r r r r r r r
…Ans>> National competitive advantage
rr r r
10. The r theory is based on the assumption that the wealth of the world
r r r r r r r r r r r
is fixed.
r r
…Ans>> mercantilism rr
11. Import quotas are a type of r r r r r r .
…Ans>> tariff barrier rr r
,12. According to the theory of absolute advantage, under free trade,
r r r r r r r r r
…Ans>> Each nation gains by specializing in economic activities in which a
rr r r r r r r r r r r
nation has absolute advantage.
r r r r
13. Which of the following is NOT a nontariff trade barrier (NTB)?
r r r r r r r r r r
…Ans>> Cultural distance rr r
14. Chile requires 50 units of resource to produce one ton of wine and 20 units of
r r r r r r r r r r r r r r r
r resource to produce one ton of blueberries. France requires 30 units of
r r r r r r r r r r r
r resource to produce one ton of wine and 40 units of resource to produce one
r r r r r r r r r r r r r r
r ton of blueberries. Which of the following is true?
r r r r r r r r
…Ans>> France has a comparative advantage in wine.
rr r r r r r r
15. Which of the following theories does NOT lead to the conclusion that
r r r r r r r r r r r
r unrestricted free trade is in the best interests of all countries?
r r r r r r r r r r
…Ans>> Strategic trade theory
rr r r
16. Free trade is defined as
r r r r
…Ans>> The idea that market forces should determine how much to trade with
rr r r r r r r r r r r r
r little or no government intervention.
r r r r
, 17. According to the theory of absolute advantage, under free trade,
r r r r r r r r r
…Ans>> each nation gains by specializing in economic activities in which a
rr r r r r r r r r r r
r nation has absolute advantage.
r r r
18. Protectionism is similar to mercantilism as they both advocated r r r r r r r r r .
…Ans>> government involvement in international trade
r rr r r r r
19. OLI advantages refer to a firm's quest for
r r r r r r r r via FDI.
r
…Ans>> ownership advantages, location advantages, and internalization
rr r r r r r
r advantages
20. MNEs' possession and leveraging of certain valuable, rare, hard-to-imitate,
r r r r r r r r
r and organizationally embedded (VRIO) assets overseas in the context of FDI
r r r r r r r r r r
r refer to r r .
…Ans>> ownership rr
21. Firms prefer FDI to licensing because FDI
r r r r r r .
…Ans>> provides the firm with direct ownership to its foreign assets
rr r r r r r r r r r
22. Which of the following political perspectives maintains the view that FDI
r r r r r r r r r r
r has both pros and cons and can only be approved when its benefits outweigh
r r r r r r r r r r r r r
r costs?
…Ans>> Pragmatic nationalism rr r
23. Which of the following is a benefit of FDI to home countries?
r r r r r r r r r r r
And Retake Questions And Answers (Verified Answers), 100%
Guaranteed Pass ||Complete A+ Guide
1. The resource-based view of global business differs from the institu-
r r r r r r r r r
tion-based view of global business in that the resource-based view
r r r r r r r r r r .-
…Ans>> focuses on the internal strengths on the firm
rr r r r r r r r
2. Which of the following is true of globalization according to the "pendulum
r r r r r r r r r r r
r view" perspective?
r
…Ans>> Globalization is a not a one-directional phenomenon.
rr r r r r r r
3. The r of globalization suggests that globalization is neither recent nor
r r r r r r r r
r one-directional.
…Ans>> pendulum view
rr r
4. Which of the following is true of semiglobalization?
r r r r r r r
…Ans>> It is a type of globalization that lies between total isolation and total
rr r r r r r r r r r r r r
r globalization.
,5. Globalization can be viewed as r r r r
…Ans>> A new force sweeping through the world in recent times.
rr r r r r r r r r r
A long-run historical evolution since the dawn of human history.
r r r r r r r r r
A pendulum that swings from one extreme to another from time to time.
r r r r r r r r r r r r
6. Name the three views of globalization.
r r r r r
…Ans>> A recent force, a long-running evolution, and a pendulum
rr r r r r r r r r
7. The r theory viewed international trade as a zero-sum game.
r r r r r r r
…Ans>> mercantilism rr
8. The r principle advocated that governments should actively protect do-
r r r r r r r
mestic industries from imports and vigorously promote exports.
r r r r r r r r
…Ans>> protectionism rr
9. Which of the following is a modern trade theory?
r r r r r r r r
…Ans>> National competitive advantage
rr r r
10. The r theory is based on the assumption that the wealth of the world
r r r r r r r r r r r
is fixed.
r r
…Ans>> mercantilism rr
11. Import quotas are a type of r r r r r r .
…Ans>> tariff barrier rr r
,12. According to the theory of absolute advantage, under free trade,
r r r r r r r r r
…Ans>> Each nation gains by specializing in economic activities in which a
rr r r r r r r r r r r
nation has absolute advantage.
r r r r
13. Which of the following is NOT a nontariff trade barrier (NTB)?
r r r r r r r r r r
…Ans>> Cultural distance rr r
14. Chile requires 50 units of resource to produce one ton of wine and 20 units of
r r r r r r r r r r r r r r r
r resource to produce one ton of blueberries. France requires 30 units of
r r r r r r r r r r r
r resource to produce one ton of wine and 40 units of resource to produce one
r r r r r r r r r r r r r r
r ton of blueberries. Which of the following is true?
r r r r r r r r
…Ans>> France has a comparative advantage in wine.
rr r r r r r r
15. Which of the following theories does NOT lead to the conclusion that
r r r r r r r r r r r
r unrestricted free trade is in the best interests of all countries?
r r r r r r r r r r
…Ans>> Strategic trade theory
rr r r
16. Free trade is defined as
r r r r
…Ans>> The idea that market forces should determine how much to trade with
rr r r r r r r r r r r r
r little or no government intervention.
r r r r
, 17. According to the theory of absolute advantage, under free trade,
r r r r r r r r r
…Ans>> each nation gains by specializing in economic activities in which a
rr r r r r r r r r r r
r nation has absolute advantage.
r r r
18. Protectionism is similar to mercantilism as they both advocated r r r r r r r r r .
…Ans>> government involvement in international trade
r rr r r r r
19. OLI advantages refer to a firm's quest for
r r r r r r r r via FDI.
r
…Ans>> ownership advantages, location advantages, and internalization
rr r r r r r
r advantages
20. MNEs' possession and leveraging of certain valuable, rare, hard-to-imitate,
r r r r r r r r
r and organizationally embedded (VRIO) assets overseas in the context of FDI
r r r r r r r r r r
r refer to r r .
…Ans>> ownership rr
21. Firms prefer FDI to licensing because FDI
r r r r r r .
…Ans>> provides the firm with direct ownership to its foreign assets
rr r r r r r r r r r
22. Which of the following political perspectives maintains the view that FDI
r r r r r r r r r r
r has both pros and cons and can only be approved when its benefits outweigh
r r r r r r r r r r r r r
r costs?
…Ans>> Pragmatic nationalism rr r
23. Which of the following is a benefit of FDI to home countries?
r r r r r r r r r r r
