WGU C211 - GLOBAL ECONOMICS FOR
MANAGERS EXAM QUESTION WELL
ANALYZED
Deadweight mCost m- mANS-Net mlosses mthat moccurs min man meconomy mas ma mresult mof
mtariffs
Purchasing mPower mParity m(PPP) m- mANS-A mconversion mthat mdetermines mthe
mequivalent mamount mof mgoods mand mservices mdifferent mcurrencies mcan mpurchase.
mAn madjustment mto mreflect mthe mdifferences min mthe mcost mof mliving min mvarious
mcountries
Triad m- mANS-North mAmerica, mWestern mEurope, mand mJapan
Resource mBased mView m- mANS-An morganization's mresources mand mcapabilities, mNOT
mexternal mconditions, mshould mbe mthe mbasis mfor mstrategic mdecisions
Institution mBased mView m- mANS-Success mand mfailure mare menabled mand mcontained
mby minstitutions
Open mMarket mOperations m(OMO) m- mANS-When mthe mcentral mbank mbuys mor msells
mbonds
Primary mPolitical mViews mon mFDI m- mANS-Free mMarket mand mPragmatic mNationalism
How mdo mfirms mcreate mvalue mwhen mengaging mrivals? m- mANS-1) mLaunch mproducts
min mmultiple mmarkets
2) mSecure mpatents mon mkey mproducts
3) mHold ma mdominant mposition min mkey mmarkets
Globalization mcan mbe mviewed mas: m- mANS-1) mA mpendulum mthat mswings mfrom mone
mextreme mto manother mfrom mtime mto mtime
2) mA mnew mforce msweeping mthrough mthe mworld min mrecent mtimes
3) mA mlong mrun mhistorical mevolution msince mthe mdawn mof mhuman mhistory
Non mtariff mTrade mBarrier m(NTB) m- mANS-Subsidies, mimport mquotas, mexport
mrestraints, mlocal mcontent mrequirement, madministrative mpolicies mand mantidumping
mduties
Free mTrade m- mANS-The midea mthat mmarket mforces mshould mdetermine mhow mmuch
mto mtrade mwith mlittle mor mno mgovernment mintervention
, Political mArguments mfor mFree mTrade m- mANS-1) mNational mSecurity
2) mEnvironment mand mSocial mResponsibility
3) mConsumer mProtection
Who madvocated mfor mComparative mAdvantage? m- mANS-David mRicardo
Mercantilism m- mANS-Views minternational mtrade mas ma mzero msum mgame
Modern mTheories mof mInternational mTrade m- mANS-1) mProduct mLife mCycle
2) mStrategic mTrade
3) mNational mCompetitive mAdvantage mof mIndustries
Classical mTheories mof mInternational mTrade m- mANS-1) mMercantilism
2) mAbsolute mAdvantage
3) mComparative mAdvantage
Modern mTheory mvs mClassical mTheory m- mANS-Modern m= mDynamic
Classical m= mStatic
Critical mfeatures mof mProduct mLife mCycle m- mANS-1) mNew
2) mMaturing
3) mStandardized
Political mViews mon mForeign mDirect mInvestment m(FDI) m- mANS-1) mRadical
2) mFree mMarket
3) mPragmatic mNationalism
Benefits mof ma mcountry mreceiving mFDI m- mANS-1) mCapital minflow
2) mTechnology mSpillover
3) mAdvance mManagement mKnow-How
4) mJob mCreation
Costs mto ma mcountry mreceiving mFDI m- mANS-1) mLoss mof mSovereignty
2) mAdverse meffects mon mcompetition
3) mCapital mOutflow
Hedging m- mANS-A mtransaction mthat mprotects mtraders mand minvestors mfrom
mexposure mto mthe mfluctuations mof mthe mspot mrate
Advantages mwith mFirst mMover m- mANS-1) mProprietary
2) mTechnological mLeadership
3) mPreemption mof mscarce mresources
4) mEstablishment mof mentry mbarriers
5) mAvoidance mof mclash mwith mdominant mfirms mat mhome
6) mRelationships mwith mkey mstakeholders
MANAGERS EXAM QUESTION WELL
ANALYZED
Deadweight mCost m- mANS-Net mlosses mthat moccurs min man meconomy mas ma mresult mof
mtariffs
Purchasing mPower mParity m(PPP) m- mANS-A mconversion mthat mdetermines mthe
mequivalent mamount mof mgoods mand mservices mdifferent mcurrencies mcan mpurchase.
mAn madjustment mto mreflect mthe mdifferences min mthe mcost mof mliving min mvarious
mcountries
Triad m- mANS-North mAmerica, mWestern mEurope, mand mJapan
Resource mBased mView m- mANS-An morganization's mresources mand mcapabilities, mNOT
mexternal mconditions, mshould mbe mthe mbasis mfor mstrategic mdecisions
Institution mBased mView m- mANS-Success mand mfailure mare menabled mand mcontained
mby minstitutions
Open mMarket mOperations m(OMO) m- mANS-When mthe mcentral mbank mbuys mor msells
mbonds
Primary mPolitical mViews mon mFDI m- mANS-Free mMarket mand mPragmatic mNationalism
How mdo mfirms mcreate mvalue mwhen mengaging mrivals? m- mANS-1) mLaunch mproducts
min mmultiple mmarkets
2) mSecure mpatents mon mkey mproducts
3) mHold ma mdominant mposition min mkey mmarkets
Globalization mcan mbe mviewed mas: m- mANS-1) mA mpendulum mthat mswings mfrom mone
mextreme mto manother mfrom mtime mto mtime
2) mA mnew mforce msweeping mthrough mthe mworld min mrecent mtimes
3) mA mlong mrun mhistorical mevolution msince mthe mdawn mof mhuman mhistory
Non mtariff mTrade mBarrier m(NTB) m- mANS-Subsidies, mimport mquotas, mexport
mrestraints, mlocal mcontent mrequirement, madministrative mpolicies mand mantidumping
mduties
Free mTrade m- mANS-The midea mthat mmarket mforces mshould mdetermine mhow mmuch
mto mtrade mwith mlittle mor mno mgovernment mintervention
, Political mArguments mfor mFree mTrade m- mANS-1) mNational mSecurity
2) mEnvironment mand mSocial mResponsibility
3) mConsumer mProtection
Who madvocated mfor mComparative mAdvantage? m- mANS-David mRicardo
Mercantilism m- mANS-Views minternational mtrade mas ma mzero msum mgame
Modern mTheories mof mInternational mTrade m- mANS-1) mProduct mLife mCycle
2) mStrategic mTrade
3) mNational mCompetitive mAdvantage mof mIndustries
Classical mTheories mof mInternational mTrade m- mANS-1) mMercantilism
2) mAbsolute mAdvantage
3) mComparative mAdvantage
Modern mTheory mvs mClassical mTheory m- mANS-Modern m= mDynamic
Classical m= mStatic
Critical mfeatures mof mProduct mLife mCycle m- mANS-1) mNew
2) mMaturing
3) mStandardized
Political mViews mon mForeign mDirect mInvestment m(FDI) m- mANS-1) mRadical
2) mFree mMarket
3) mPragmatic mNationalism
Benefits mof ma mcountry mreceiving mFDI m- mANS-1) mCapital minflow
2) mTechnology mSpillover
3) mAdvance mManagement mKnow-How
4) mJob mCreation
Costs mto ma mcountry mreceiving mFDI m- mANS-1) mLoss mof mSovereignty
2) mAdverse meffects mon mcompetition
3) mCapital mOutflow
Hedging m- mANS-A mtransaction mthat mprotects mtraders mand minvestors mfrom
mexposure mto mthe mfluctuations mof mthe mspot mrate
Advantages mwith mFirst mMover m- mANS-1) mProprietary
2) mTechnological mLeadership
3) mPreemption mof mscarce mresources
4) mEstablishment mof mentry mbarriers
5) mAvoidance mof mclash mwith mdominant mfirms mat mhome
6) mRelationships mwith mkey mstakeholders
