WGU C211 - GLOBAL ECONOMICS FOR
MANAGERS | OA | 170+ VERIFIED QUESTIONS &
CERTIFIED SOLUTIONS | 100% CORRECT
(2026/2027)
Terms in this set (178)
Quiz_________________?
view that claims phenomenon of globalization was initially driven by the desire of Western
economies to exploit their power through MNE's -
Answer☑️
new
Quiz_________________?
view that claims globalization is a long-run historical evolution since the dawn of humanity.
Says it is nothing new and that it will always exist -
Answer☑️
evolutionary
Quiz_________________?
view that claims globalization is swinging from one extreme to another from time to time
-
Answer☑️
pendulum
Quiz_________________?
investment in, controlling, and managing value-added activities in other countries -
1
, Answer☑️
foreign direct investment
Quiz_________________?
political view hostile to FDI. believes it is an instrument of imperialism and vehicle for
exploitation of domestic resources by foreign capitalists and firms -
Answer☑️
radical
Quiz_________________?
suggests that FDI, unrestricted by government intervention, will enable countries to tap
into their absolute or comparative advantages by specializing in the production of certain
goods and services -
Answer☑️
free market
Quiz_________________?
views FDI as having pros and cons and only approving FDI when its benefits outweigh costs
-
Answer☑️
pragmatic nationalis
Quiz_________________?
what benefits exist to a country receiving FDI? -
Answer☑️
capital inflow, technology spillovers, advanced management know-how, creates jobs
Quiz_________________?
what costs exist to a country receiving FDI? -
Answer☑️
2
, loss of sovereignty, adverse effects on competition, net outflow in the capital account
Quiz_________________?
The aggregation of importing and exporting that leads to the country-level trade surplus
or deficit. -
Answer☑️
balance of trade
Quiz_________________?
firms with a _____ degree of resource similarity are likely to have similar competitive
actions -
Answer☑️
high
Quiz_________________?
a high degree of resource similarity but low market commonality = _______ intensity of
rivalry -
Answer☑️
highest
Quiz_________________?
little resource similarity but high market commonality = _____ intensity of rivalry -
Answer☑️
lowest
Quiz_________________?
mercantilism, absolute advantage and comparative advantage belong to what theory of
international trade -
Answer☑️
classical
3
, Quiz_________________?
theory of international trade that relies on more realistic product life cycles and first
mover advantages -
Answer☑️
modern
Quiz_________________?
under free trade, a nation gains by specializing in economic activities in which it has
_____advantage -
Answer☑️
absolute
Quiz_________________?
focuses on the idea that if a country does not have absolute advantage, they can still
choose to specialize in the production of one good where it has ______ advantage -
Answer☑️
comparative
Quiz_________________?
comparative advantage and absolute advantage stem from -
Answer☑️
factor endowments
Quiz_________________?
theory that the wealth of the world is fixed and that a nation that imports more and
exports less will be richer -
Answer☑️
mercantilism
4
MANAGERS | OA | 170+ VERIFIED QUESTIONS &
CERTIFIED SOLUTIONS | 100% CORRECT
(2026/2027)
Terms in this set (178)
Quiz_________________?
view that claims phenomenon of globalization was initially driven by the desire of Western
economies to exploit their power through MNE's -
Answer☑️
new
Quiz_________________?
view that claims globalization is a long-run historical evolution since the dawn of humanity.
Says it is nothing new and that it will always exist -
Answer☑️
evolutionary
Quiz_________________?
view that claims globalization is swinging from one extreme to another from time to time
-
Answer☑️
pendulum
Quiz_________________?
investment in, controlling, and managing value-added activities in other countries -
1
, Answer☑️
foreign direct investment
Quiz_________________?
political view hostile to FDI. believes it is an instrument of imperialism and vehicle for
exploitation of domestic resources by foreign capitalists and firms -
Answer☑️
radical
Quiz_________________?
suggests that FDI, unrestricted by government intervention, will enable countries to tap
into their absolute or comparative advantages by specializing in the production of certain
goods and services -
Answer☑️
free market
Quiz_________________?
views FDI as having pros and cons and only approving FDI when its benefits outweigh costs
-
Answer☑️
pragmatic nationalis
Quiz_________________?
what benefits exist to a country receiving FDI? -
Answer☑️
capital inflow, technology spillovers, advanced management know-how, creates jobs
Quiz_________________?
what costs exist to a country receiving FDI? -
Answer☑️
2
, loss of sovereignty, adverse effects on competition, net outflow in the capital account
Quiz_________________?
The aggregation of importing and exporting that leads to the country-level trade surplus
or deficit. -
Answer☑️
balance of trade
Quiz_________________?
firms with a _____ degree of resource similarity are likely to have similar competitive
actions -
Answer☑️
high
Quiz_________________?
a high degree of resource similarity but low market commonality = _______ intensity of
rivalry -
Answer☑️
highest
Quiz_________________?
little resource similarity but high market commonality = _____ intensity of rivalry -
Answer☑️
lowest
Quiz_________________?
mercantilism, absolute advantage and comparative advantage belong to what theory of
international trade -
Answer☑️
classical
3
, Quiz_________________?
theory of international trade that relies on more realistic product life cycles and first
mover advantages -
Answer☑️
modern
Quiz_________________?
under free trade, a nation gains by specializing in economic activities in which it has
_____advantage -
Answer☑️
absolute
Quiz_________________?
focuses on the idea that if a country does not have absolute advantage, they can still
choose to specialize in the production of one good where it has ______ advantage -
Answer☑️
comparative
Quiz_________________?
comparative advantage and absolute advantage stem from -
Answer☑️
factor endowments
Quiz_________________?
theory that the wealth of the world is fixed and that a nation that imports more and
exports less will be richer -
Answer☑️
mercantilism
4
