Wgu c211 attempt Study guides, Class notes & Summaries

The resource-based view of global business differs from the institution-based view of global business in that the resource-based view _____. focuses on the internal strengths on the firm The _____ of globalization suggests that globalization is neither recent nor one-directional. pendulum view Globalization can be viewed as: ALL OF THESE ANSWERS - a new force sweeping through the world in recent times; a long-run historical evolution since the dawn of human history; a pendulum that swings ...

WGU C211 PREASSESSMENT 2023: GLOBAL ECONOMICS FOR MANAGERS 1/21 PRE-ASSESSMENT: GLOBAL ECONOMICS FOR MANAGERS Attempt #2 Status: Passed 1. Which view claims that the phenomenon of globalization was initially driven by the desire of Western economies to exploit their power through multinational enterprises? YOUR ANSWER CORRECT ANSWER The long-run historical view The new-force view The pendulum view The balanced surplus-de cit view 2. Economic gains come from international trad...

A trade _____ is an economic condition in which a nation imports more than it exports. - Correct answer-deficit The _____ theory viewed international trade as a zero-sum game. - Correct answermercantilism Which of the following is a classical theory of international trade? - Correct answerComparative advantage theory The _____ theory is based on the assumption that the wealth of the world is fixed. - Correct answer-mercantilism Factor endowment is _____. - Correct answer-the extent to whic...

Suppose televisions are a normal good and buyers of televisions experience a decrease in income. As a result, consumer surplus in the television market - Correct answer-may increase, decrease, or remain unchanged. Which of the following is true when the price of a good or service rises? - Correct answer-Some buyers exit the market Cost is a measure of the - Correct answer-seller's willingness to sell. The Surgeon General announces that eating chocolate increases tooth decay. As a result,...

A firm cannot price discriminate if - ANSWER it operates in a competitive market A movie theater can increase its profits through price discrimination by charging a higher price to adults and a lower price to children if it - ANSWER can prevent children from buying the lower-priced tickets and selling them to adults Suppose a monopolist is able to charge each customer a price equal to that customer's willingness-to-pay for the product. Then the monopolist is engaging in - ANSWER perfect p...

WGU C211: Additional Study - 3rd Attempt OA Quizzes, questions and answers graded A+ Suppose televisions are a normal good and buyers of televisions experience a decrease in income. As a result, consumer surplus in the television market may increase, decrease, or remain unchanged. Which of the following is true when the price of a good or service rises? Some buyers exit the market Cost is a measure of the seller's willingness to sell. The Surgeon General announces that ...

WGU C211 - Global Economics for Managers Final Exam - All Reading (Answered Fall 2022) Base of the pyramid (BOP) Economies where people make less than $2,000 per capita per year. BRICA Brazil, Russia, India, and China. Emerging economies term that has gradually replaced the term "developing countries" since the 1990s. Emerging markets A term that is often used interchangeably with "emerging economies." Expatriate manager A manager who works abroad, or "expat" for short. Foreig...

A trade _____ is an economic condition in which a nation imports more than it exports. - Correct answer-deficit The _____ theory viewed international trade as a zero-sum game. - Correct answermercantilism Which of the following is a classical theory of international trade? - Correct answerComparative advantage theory The _____ theory is based on the assumption that the wealth of the world is fixed. - Correct answer-mercantilism Factor endowment is _____. - Correct answer-the extent to whic...

Suppose televisions are a normal good and buyers of televisions experience a decrease in income. As a result, consumer surplus in the television market - Correct answer-may increase, decrease, or remain unchanged. Which of the following is true when the price of a good or service rises? - Correct answer-Some buyers exit the market Cost is a measure of the - Correct answer-seller's willingness to sell. The Surgeon General announces that eating chocolate increases tooth decay. As a result,...