WGU C211 Objective Assessment Global Economics for Managers Exam
() Questions and Verified Answers, 100% Guarantee Pass
Views on Globalization
ANS>>New, Evolutionary, and Pendulum
"New" view on globalization
ANS>>A force sweeping through the world in recent times.
"Evolutionary" view on globalization
ANS>>A long-run historical evolution since the dawn of human history
"Pendulum" view on globalization
ANS>>One that swings from one extreme to another from time to time
Foreign Direct Investment
ANS>>Direct investment in, control, and management of value-added activities in other countries
Political views on FDI
ANS>>Radical View, Free Market View, Pragmatic Nationalism
Benefits to a country receiving FDI
,ANS>>Capital Inflow, Technology Spillover, Advanced Management Know-How, Job creation
Costs to a country receiving FDI
ANS>>Loss of Sovereignty, Adverse effects on competition,
Capital outflow.
How do resources and capabilities influence the competitive dynamics of a business?
ANS>>Resource similarity and market commonality can yield a powerful framework for competitor
analysis.
Resource similarity
ANS>>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 does resource similarity impact competitive dynamics?
ANS>>Firms with a high degree are likely to have similar competitive actions. (Starbuck's instant coffee
& McDonald's iced coffee)
Classical theories of international trade
ANS>>Mercantilism, Absolute advantage, and Comparative advantage
Modern theory view
ANS>>Dynamic
, Classical theory view
ANS>>Static
Absolute advantage
ANS>>The economic advantage one nation enjoys that is superior to other nations
Comparative advantage
ANS>>The advantage one economic activity nation enjoys in comparison with other nations (relative,
not absolute)
Mercantilism
ANS>>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.
Features of the product life cycle?
ANS>>New, Maturing, and Standardized
Strategic trade
ANS>>Intervention by governments in certain industries can enhance their odds for international
success.
How are supply and demand related to the exchange rate of a country?
ANS>>The price of a commodity, a country's currency, is fundamentally determined by this. Strong
demand leads to price hikes; oversupply results in price drops.
Which theory came first?
() Questions and Verified Answers, 100% Guarantee Pass
Views on Globalization
ANS>>New, Evolutionary, and Pendulum
"New" view on globalization
ANS>>A force sweeping through the world in recent times.
"Evolutionary" view on globalization
ANS>>A long-run historical evolution since the dawn of human history
"Pendulum" view on globalization
ANS>>One that swings from one extreme to another from time to time
Foreign Direct Investment
ANS>>Direct investment in, control, and management of value-added activities in other countries
Political views on FDI
ANS>>Radical View, Free Market View, Pragmatic Nationalism
Benefits to a country receiving FDI
,ANS>>Capital Inflow, Technology Spillover, Advanced Management Know-How, Job creation
Costs to a country receiving FDI
ANS>>Loss of Sovereignty, Adverse effects on competition,
Capital outflow.
How do resources and capabilities influence the competitive dynamics of a business?
ANS>>Resource similarity and market commonality can yield a powerful framework for competitor
analysis.
Resource similarity
ANS>>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 does resource similarity impact competitive dynamics?
ANS>>Firms with a high degree are likely to have similar competitive actions. (Starbuck's instant coffee
& McDonald's iced coffee)
Classical theories of international trade
ANS>>Mercantilism, Absolute advantage, and Comparative advantage
Modern theory view
ANS>>Dynamic
, Classical theory view
ANS>>Static
Absolute advantage
ANS>>The economic advantage one nation enjoys that is superior to other nations
Comparative advantage
ANS>>The advantage one economic activity nation enjoys in comparison with other nations (relative,
not absolute)
Mercantilism
ANS>>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.
Features of the product life cycle?
ANS>>New, Maturing, and Standardized
Strategic trade
ANS>>Intervention by governments in certain industries can enhance their odds for international
success.
How are supply and demand related to the exchange rate of a country?
ANS>>The price of a commodity, a country's currency, is fundamentally determined by this. Strong
demand leads to price hikes; oversupply results in price drops.
Which theory came first?
