1|Page
WGU D270 FINAL EXAM ACCURATE AND
FREQUENTLY TESTED QUESTIONS AND 100%
CORRECT ANSWERS|| LATEST AND COMPLETE
UPDATE WITH EXPERT VERIFIED SOLUTIONS||
SURE PASS
Case from Chapter 4 (big economies) - ANSWER: - by 2050 most of the biggest
economics in the world will be in Asia (China, India, etc)
- Africa and South Africa will progress
- shifting economic center of gravity began in the east and moved to the west in the
1800s. After WWII its been shifting back to East
Global economy dominance stages - ANSWER: until 1850 China and India
1850-1880s Great Britain
20th century U.S
What flipped the global economy - ANSWER: Great Britain, Germany, France,
and the U.S did with the industrial revolution
- they had free market ideologies
- economic freedoms
- caused emerging economies to drop
What country is the greatest share of goods/biggest trading partner in the world -
ANSWER: China since 2009 (taken from U.S)
One belt one road program (China) - ANSWER: - 90 countries
- global infrastructure development program
- road network that modernized trade
,2|Page
What do MNEs consider when deciding which country to run a business in? -
ANSWER: - target markets with greatest return and little risk
- look at odds of success based on development, performance, and economic
potential
- industry structure
- role of government
Economic factors affecting IB (environmental) - ANSWER: 1. type of economic
environment
2. economic freedom
3. orientation of economic system that shapes market standards
4. drivers of economic change
5. foundations of economic performance
the single most comprehensive indicator is the _________________ of a country -
ANSWER: development level
Developed economy characteristics - ANSWER: - political freedom
- democratic governance
- rule of law
endorse free markets
- high standard of living + opportunities
- advanced public health care
- capital movement
- Normally high GDP and GNI
, 3|Page
Developing economy characteristics - ANSWER: - fragile institutions
- civil instability
- struggle remaining sovereignty
- trade barriers
- inefficient capital movement
- corruption
insufficient health care
Low GNI
COUNTRIES: Nigeria, Yemen, Nicaragua
Emerging economy characteristics - ANSWER: - economies, industries, and
income per capita are fast growing
- growing exports growing middle class
improving living standards
EX countries: Brazil, India, China
Why is Economic Freedom enticing to MNEs - ANSWER: - confidence in the
legitimacy of property rights
- liberty to use factories of production
- flexibility to organize goods
- hire and fire freedom
Economic freedom index categories - ANSWER: 1. rule of law (property rights,
gov integrity, judicial effectiveness)
2. limited gov (fiscal health gov spending, tax burden)
3. regulatory efficiency (labor, business, & monetary freedom
WGU D270 FINAL EXAM ACCURATE AND
FREQUENTLY TESTED QUESTIONS AND 100%
CORRECT ANSWERS|| LATEST AND COMPLETE
UPDATE WITH EXPERT VERIFIED SOLUTIONS||
SURE PASS
Case from Chapter 4 (big economies) - ANSWER: - by 2050 most of the biggest
economics in the world will be in Asia (China, India, etc)
- Africa and South Africa will progress
- shifting economic center of gravity began in the east and moved to the west in the
1800s. After WWII its been shifting back to East
Global economy dominance stages - ANSWER: until 1850 China and India
1850-1880s Great Britain
20th century U.S
What flipped the global economy - ANSWER: Great Britain, Germany, France,
and the U.S did with the industrial revolution
- they had free market ideologies
- economic freedoms
- caused emerging economies to drop
What country is the greatest share of goods/biggest trading partner in the world -
ANSWER: China since 2009 (taken from U.S)
One belt one road program (China) - ANSWER: - 90 countries
- global infrastructure development program
- road network that modernized trade
,2|Page
What do MNEs consider when deciding which country to run a business in? -
ANSWER: - target markets with greatest return and little risk
- look at odds of success based on development, performance, and economic
potential
- industry structure
- role of government
Economic factors affecting IB (environmental) - ANSWER: 1. type of economic
environment
2. economic freedom
3. orientation of economic system that shapes market standards
4. drivers of economic change
5. foundations of economic performance
the single most comprehensive indicator is the _________________ of a country -
ANSWER: development level
Developed economy characteristics - ANSWER: - political freedom
- democratic governance
- rule of law
endorse free markets
- high standard of living + opportunities
- advanced public health care
- capital movement
- Normally high GDP and GNI
, 3|Page
Developing economy characteristics - ANSWER: - fragile institutions
- civil instability
- struggle remaining sovereignty
- trade barriers
- inefficient capital movement
- corruption
insufficient health care
Low GNI
COUNTRIES: Nigeria, Yemen, Nicaragua
Emerging economy characteristics - ANSWER: - economies, industries, and
income per capita are fast growing
- growing exports growing middle class
improving living standards
EX countries: Brazil, India, China
Why is Economic Freedom enticing to MNEs - ANSWER: - confidence in the
legitimacy of property rights
- liberty to use factories of production
- flexibility to organize goods
- hire and fire freedom
Economic freedom index categories - ANSWER: 1. rule of law (property rights,
gov integrity, judicial effectiveness)
2. limited gov (fiscal health gov spending, tax burden)
3. regulatory efficiency (labor, business, & monetary freedom
