WGU C211 Global Economics for Managers
questions and answers 2025/2026 update|
100% passing guarantee
1. Base of the pyramid (BOP)
- ✔✔ANSWER b5Economies where people make less than $2,000 per capita per
year.
2. BRICA
- ✔✔ANSWER b5Brazil, Russia, India, and China.
3. Emerging economies
- ✔✔ANSWER b5term that has gradually replaced the term "developing
countries" since the 1990s.
4. Emerging markets
- ✔✔ANSWER b5A term that is often used interchangeably with
"emerging economies."
5. Expatriate manager
- ✔✔ANSWER b5A manager who works abroad, or "expat" for short.
6. Foreign direct investment (FDI)
- ✔✔ANSWER b5Investment in, controlling, and managing val- ue-added activities
in other countries.
,7. Global Business
- ✔✔ANSWER b5Business around the globe.
8. Globalization
- ✔✔ANSWER b5The close integration of countries and peoples of the world.
9. Gross domestic product (GDP)
- ✔✔ANSWER b5The sum of value added by resident firms, households,
and governments operating in an economy.
10. Gross national income (GNI)
- ✔✔ANSWER b5GDP plus income from non-resident sources abroad. The term
used by the World Bank and other international organizations to supersede the
term GNP.
11. Gross national product (GNP)
- ✔✔ANSWER b5GDP plus income from non-resident sources abroad
12. Group of 20 (G-20)
- ✔✔ANSWER b5The group of 19 major countries plus the European Union
(EU) whose leaders meet on a biannual basis to solve global economic
problems.
13. International business (IB)
- ✔✔ANSWER b5(1) A business (or firm) that engages in internation- al (cross-
,border) economic activities and/or (2) the action of doing business abroad.
, 14. International premium
- ✔✔ANSWER b5A significant pay raise when working overseas.
15. Liability of foreignness
- ✔✔ANSWER b5The inherent disadvantage that foreign firms experi- ence in
host countries because of their non-native status.
16. Multinational enterprise (MNE)
- ✔✔ANSWER b5A firm that engages in foreign direct invest- ment (FDI).
17. Nongovernmental organization (NGO)
- ✔✔ANSWER b5An organization that is not affiliated with governments.
18. Purchasing power parity (PPP)
- ✔✔ANSWER b5A conversion that determines the equivalent amount of goods
and services that different currencies can purchase.
19. Reverse innovation
- ✔✔ANSWER b5An innovation that is adopted first in emerging economies and is
then diffused around the world.
20. Risk management
- ✔✔ANSWER b5The identification and assessment of risks and the prepa- ration
to minimize the impact of high-risk, unfortunate events.
21. Scenario planning
questions and answers 2025/2026 update|
100% passing guarantee
1. Base of the pyramid (BOP)
- ✔✔ANSWER b5Economies where people make less than $2,000 per capita per
year.
2. BRICA
- ✔✔ANSWER b5Brazil, Russia, India, and China.
3. Emerging economies
- ✔✔ANSWER b5term that has gradually replaced the term "developing
countries" since the 1990s.
4. Emerging markets
- ✔✔ANSWER b5A term that is often used interchangeably with
"emerging economies."
5. Expatriate manager
- ✔✔ANSWER b5A manager who works abroad, or "expat" for short.
6. Foreign direct investment (FDI)
- ✔✔ANSWER b5Investment in, controlling, and managing val- ue-added activities
in other countries.
,7. Global Business
- ✔✔ANSWER b5Business around the globe.
8. Globalization
- ✔✔ANSWER b5The close integration of countries and peoples of the world.
9. Gross domestic product (GDP)
- ✔✔ANSWER b5The sum of value added by resident firms, households,
and governments operating in an economy.
10. Gross national income (GNI)
- ✔✔ANSWER b5GDP plus income from non-resident sources abroad. The term
used by the World Bank and other international organizations to supersede the
term GNP.
11. Gross national product (GNP)
- ✔✔ANSWER b5GDP plus income from non-resident sources abroad
12. Group of 20 (G-20)
- ✔✔ANSWER b5The group of 19 major countries plus the European Union
(EU) whose leaders meet on a biannual basis to solve global economic
problems.
13. International business (IB)
- ✔✔ANSWER b5(1) A business (or firm) that engages in internation- al (cross-
,border) economic activities and/or (2) the action of doing business abroad.
, 14. International premium
- ✔✔ANSWER b5A significant pay raise when working overseas.
15. Liability of foreignness
- ✔✔ANSWER b5The inherent disadvantage that foreign firms experi- ence in
host countries because of their non-native status.
16. Multinational enterprise (MNE)
- ✔✔ANSWER b5A firm that engages in foreign direct invest- ment (FDI).
17. Nongovernmental organization (NGO)
- ✔✔ANSWER b5An organization that is not affiliated with governments.
18. Purchasing power parity (PPP)
- ✔✔ANSWER b5A conversion that determines the equivalent amount of goods
and services that different currencies can purchase.
19. Reverse innovation
- ✔✔ANSWER b5An innovation that is adopted first in emerging economies and is
then diffused around the world.
20. Risk management
- ✔✔ANSWER b5The identification and assessment of risks and the prepa- ration
to minimize the impact of high-risk, unfortunate events.
21. Scenario planning
