WGU D080 Exam Questions and Correct Answers
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Government - ✔✔Favorable policies, support for the industry ((can use tax bracket to attract FDI and
subsidies (free money) can help domestic business reduce cost and charge lower price))
Hectscher-Ohlin Theory (Factor endowment theory) - ✔✔Factors of production: land, labor, natural
resources, capital, and technology
Hofstede's 6 Cultural Dimensions - ✔✔1. power distance
2. individualistic vs collective
3. masculinity vs. femininity
4. uncertainty avoidance
5. short term vs. long term orientation
6. indulgence vs. restraint
Horizontal FDI - ✔✔opens a new market or building in another country
Horizontal structure of law - ✔✔neither party is in a legally dominant position over the other
How can intellectual property be protected? - ✔✔1. patents (5-20 yrs)
2. copyrights (death + 70 years)
3. trademarks: brand integrity
4. trade secrets (not legal) '
How to prevent monopolies - ✔✔1. Anti-trust laws
2. Sherman Anti-trust act
3. Clayton anti-trust act
4. federal trade commission act
IMF - ✔✔financial stability, debt, currency, and exchange rate
import - ✔✔purchases from foreign producers
Individualism - ✔✔cultures in which the ties between individuals are loose
indulgence - ✔✔allowing gratification of basic drives related to enjoying life and having fun
international funding - ✔✔- global equity (global stock market)
- overseas debt
- export financing
Kyoto Protocol - ✔✔-Reduce greenhouse gas emissions to 5.2% below 1990 levels
- industrialized countries in 1997
Large company traditional funding - ✔✔-cash
- loans
- bonds
- equity
long-term oriented cultures - ✔✔cultures that emphasize potential future rewards that will
eventually be realized after slow and steady perseverance toward achieving a mutually acceptable
result
, Market - ✔✔Opportunity for scale and convergence of needs (foreign consumers have the same
demand as domestic consumer, no need to redesign)
Market economy - ✔✔- privately owned
- the market controls the distribution of resources
- minimum government control
Market Entry - ✔✔Companies enter new countries using business models similar to the ones
deployed in their home markets
Masculinity - ✔✔cultures in which social gender roles are clearly distinct
Mercantilism - ✔✔Gold & silver are important to a country's wealth
TRADE SURPLUS: more export, less import
Mercosur (Common Market of the South) - ✔✔- customs union
- creating the common market of the south (Brazil, Argentina, Paraguay, Uruguay)
Mixed Economy - ✔✔- United states uses
- the market is the major determining power
- partial government regulation as needed
Monarchy - ✔✔Royal power
Monopolies - ✔✔- 1 firm or product
- price maker
- consumers are price takers
-smaller quantity of goods
-higher prices
multinational enterprises - ✔✔head-quarted in one country but own and control manufacturing,
services, r&d facilities, or other businesses on foreign soil
NAFTA (North American Free Trade Agreement) - ✔✔- free trade
- protection of IP rights
- expand trade thru elimination of trade barriers
- protect labor rights and environment quality
- automobiles must have 75% components manufactured in US, Canada, or Mexico.
- 40-45% must be made by workers earning a minimum of $16/hour.
National Environmental Policy Act (NEPA) - ✔✔required federal agencies to prepare environmental
impact statements for every recommendation or report
Negative impacts of free trade - ✔✔- possible manufacturing job loss in developed countries
- labor standards and working conditions are concerned in developing nations
- domestic businesses faces challenged
Neo-Mercantilism - ✔✔countries promote a combination of protectionist policies, restrictions, and
domestic industry subsidies (use trade banners/tariff & quotas to limit import and protect domestic
industry)
Oil pollution act of 1990 - ✔✔-strengthens the EPA's abilities to prevent and respond to oil spills
Oligarchy - ✔✔Achieve power due to military, economic, or other powers, small group of elite
members
Outsourcing benefits - ✔✔- lower costs
(100% COMPLETE ANSWERS) ALREADY
GRADED A+ | 100% satisfaction guaranteed
Government - ✔✔Favorable policies, support for the industry ((can use tax bracket to attract FDI and
subsidies (free money) can help domestic business reduce cost and charge lower price))
Hectscher-Ohlin Theory (Factor endowment theory) - ✔✔Factors of production: land, labor, natural
resources, capital, and technology
Hofstede's 6 Cultural Dimensions - ✔✔1. power distance
2. individualistic vs collective
3. masculinity vs. femininity
4. uncertainty avoidance
5. short term vs. long term orientation
6. indulgence vs. restraint
Horizontal FDI - ✔✔opens a new market or building in another country
Horizontal structure of law - ✔✔neither party is in a legally dominant position over the other
How can intellectual property be protected? - ✔✔1. patents (5-20 yrs)
2. copyrights (death + 70 years)
3. trademarks: brand integrity
4. trade secrets (not legal) '
How to prevent monopolies - ✔✔1. Anti-trust laws
2. Sherman Anti-trust act
3. Clayton anti-trust act
4. federal trade commission act
IMF - ✔✔financial stability, debt, currency, and exchange rate
import - ✔✔purchases from foreign producers
Individualism - ✔✔cultures in which the ties between individuals are loose
indulgence - ✔✔allowing gratification of basic drives related to enjoying life and having fun
international funding - ✔✔- global equity (global stock market)
- overseas debt
- export financing
Kyoto Protocol - ✔✔-Reduce greenhouse gas emissions to 5.2% below 1990 levels
- industrialized countries in 1997
Large company traditional funding - ✔✔-cash
- loans
- bonds
- equity
long-term oriented cultures - ✔✔cultures that emphasize potential future rewards that will
eventually be realized after slow and steady perseverance toward achieving a mutually acceptable
result
, Market - ✔✔Opportunity for scale and convergence of needs (foreign consumers have the same
demand as domestic consumer, no need to redesign)
Market economy - ✔✔- privately owned
- the market controls the distribution of resources
- minimum government control
Market Entry - ✔✔Companies enter new countries using business models similar to the ones
deployed in their home markets
Masculinity - ✔✔cultures in which social gender roles are clearly distinct
Mercantilism - ✔✔Gold & silver are important to a country's wealth
TRADE SURPLUS: more export, less import
Mercosur (Common Market of the South) - ✔✔- customs union
- creating the common market of the south (Brazil, Argentina, Paraguay, Uruguay)
Mixed Economy - ✔✔- United states uses
- the market is the major determining power
- partial government regulation as needed
Monarchy - ✔✔Royal power
Monopolies - ✔✔- 1 firm or product
- price maker
- consumers are price takers
-smaller quantity of goods
-higher prices
multinational enterprises - ✔✔head-quarted in one country but own and control manufacturing,
services, r&d facilities, or other businesses on foreign soil
NAFTA (North American Free Trade Agreement) - ✔✔- free trade
- protection of IP rights
- expand trade thru elimination of trade barriers
- protect labor rights and environment quality
- automobiles must have 75% components manufactured in US, Canada, or Mexico.
- 40-45% must be made by workers earning a minimum of $16/hour.
National Environmental Policy Act (NEPA) - ✔✔required federal agencies to prepare environmental
impact statements for every recommendation or report
Negative impacts of free trade - ✔✔- possible manufacturing job loss in developed countries
- labor standards and working conditions are concerned in developing nations
- domestic businesses faces challenged
Neo-Mercantilism - ✔✔countries promote a combination of protectionist policies, restrictions, and
domestic industry subsidies (use trade banners/tariff & quotas to limit import and protect domestic
industry)
Oil pollution act of 1990 - ✔✔-strengthens the EPA's abilities to prevent and respond to oil spills
Oligarchy - ✔✔Achieve power due to military, economic, or other powers, small group of elite
members
Outsourcing benefits - ✔✔- lower costs
