1|Page
WGU C211 GLOBAL ECONOMICS FOR
MANAGERS OA AND PA 2025/2026 BANK
EXAM WITH QUESTIONS AND WELL
VERIFIED ANSWERS [ALREADY
GRADED A+ REAL EXAM!!
The resource-based view of global business differs from the
institution-based view of global business in that the resource-based
view _____. -ANSWER-.....focuses on the internal strengths on the
firm
,2|Page
Which of the following is true of globalization according to the
"pendulum view" perspective? -ANSWER-.....Globalization is a not
a one-directional phenomenon.
The _____ of globalization suggests that globalization is neither
recent nor one-directional. -ANSWER-.....pendulum view
Which of the following is true of semiglobalization?
-ANSWER-.....It is a type of globalization that lies between total
isolation and total globalization.
Globalization can be viewed as: -ANSWER-.....A new force
sweeping through the world in recent times.
A long-run historical evolution since the dawn of human history.
,3|Page
A pendulum that swings from one extreme to another from time to
time.
Name the three views of globalization. -ANSWER-.....A recent
force, a long-running evolution, and a pendulum
The _____ theory viewed international trade as a zero-sum game. -
ANSWER-.....mercantilism
The _____ principle advocated that governments should actively
protect domestic industries from imports and vigorously promote
exports. -ANSWER-.....protectionism
Which of the following is a modern trade theory?
, 4|Page
-ANSWER-.....National competitive advantage
The _____ theory is based on the assumption that the wealth of the
world is fixed. -ANSWER-.....mercantilism
Import quotas are a type of _____. -ANSWER-.....tariff barrier
According to the theory of absolute advantage, under free trade, -
ANSWER-.....Each nation gains by specializing in economic
activities in which a nation has absolute advantage.
Which of the following is NOT a nontariff trade barrier (NTB)? -
ANSWER-.....Cultural distance
WGU C211 GLOBAL ECONOMICS FOR
MANAGERS OA AND PA 2025/2026 BANK
EXAM WITH QUESTIONS AND WELL
VERIFIED ANSWERS [ALREADY
GRADED A+ REAL EXAM!!
The resource-based view of global business differs from the
institution-based view of global business in that the resource-based
view _____. -ANSWER-.....focuses on the internal strengths on the
firm
,2|Page
Which of the following is true of globalization according to the
"pendulum view" perspective? -ANSWER-.....Globalization is a not
a one-directional phenomenon.
The _____ of globalization suggests that globalization is neither
recent nor one-directional. -ANSWER-.....pendulum view
Which of the following is true of semiglobalization?
-ANSWER-.....It is a type of globalization that lies between total
isolation and total globalization.
Globalization can be viewed as: -ANSWER-.....A new force
sweeping through the world in recent times.
A long-run historical evolution since the dawn of human history.
,3|Page
A pendulum that swings from one extreme to another from time to
time.
Name the three views of globalization. -ANSWER-.....A recent
force, a long-running evolution, and a pendulum
The _____ theory viewed international trade as a zero-sum game. -
ANSWER-.....mercantilism
The _____ principle advocated that governments should actively
protect domestic industries from imports and vigorously promote
exports. -ANSWER-.....protectionism
Which of the following is a modern trade theory?
, 4|Page
-ANSWER-.....National competitive advantage
The _____ theory is based on the assumption that the wealth of the
world is fixed. -ANSWER-.....mercantilism
Import quotas are a type of _____. -ANSWER-.....tariff barrier
According to the theory of absolute advantage, under free trade, -
ANSWER-.....Each nation gains by specializing in economic
activities in which a nation has absolute advantage.
Which of the following is NOT a nontariff trade barrier (NTB)? -
ANSWER-.....Cultural distance
