Wgu c211 competency 2 Study guides, Class notes & Summaries

WGU C211 Competency 2 Exam Questions and answers with 100% Correct Answers | Latest Update 2024 | Rated A+

WGU C211 - Competency 2

WGU C211 - Competency 2 Exam Questions With 100% Verified Answers Regulatory pillar - answerThe coercive power of governments (laws, regs, rules) Normative pillar - answerValues, beliefs, and actions of other relevant players (norms, cultures, ethics) Cognitive pillar - answerThe internalized, taken-for-granted values and beliefs that guide behavior. (beliefs between right/wrong) Formal institution - answerOne that include laws, regulations and rules Informal institution - answerOne that...

Cognitive pillar - the internalized (or taken-for-granted) values and beliefs that guide individual and firm behavior. Formal institutions - Institution represented by laws, regulations, and rules. Informal institutions - include norms, cultures, and ethics. Institutional framework - formal and informal institutions governing individual and firm behavior. Institution-based view - A leading perspective in global business that suggests that the success and failure of firms are enabled and c...

WGU C211 OA GLOBAL ECONOMICS EXAM (2022/2023) (VERIFIED) QUESTIONS $ANSWERS GRADED A+ Competency 1 1. Explain the New, Evolutionary, and Pendulum views of Globalization. How do these differ? - New: globalization is a new phenomenon beginning in the late 20th century, driven by recent technological innovations and a Western ideology based on exploiting and dominating the world. - Evolutionary: globalization is a part of human history. Traces of multi-national corporations have been ...

WGU C211 - Competency 2 A+ score assured 2024/2025

WGU C211 - Competency 5 questions and answers |graded A+ Tariff. Tax on goods produced abroad and sold domestically(tax on imported goods). A method used to restrict international trade. Dead weight loss. The fall in total surplus that results from a market distortion, such as a tax (new equilibrium price that is settled for the transaction will be higher and therefore some burden of this will be passed on to the consumer) How are tariff's and dead weight loss related? Explain....

WGU C211 Competency 2 Exam Questions and answers with 100% Correct Answers | Latest Update 2024 | Rated A+ Cognitive pillar - the internalized (or taken-for-granted) values and beliefs that guide individual and firm behavior. Formal institutions - Institution represented by laws, regulations, and rules. Informal institutions - include norms, cultures, and ethics. Institutional framework - formal and informal institutions governing individual and firm behavior. Institution-based view - A lea...

WGU C211 - Competency 3 questions and answers |graded A+ Four properties of an indifference curve (1) Higher indifference curves are preferred to lower ones. People usually prefer to consume more goods rather than less. (2) Indifference curves are downward sloping. The slope of an indifference curve reflects the rate at which the consumer is willing to substitute one good for the other. (3) Indifference curves do not cross. (4) Indifference curves are bowed inward. The slope of an indiffere...

WGU C211 Questions with Correct Answers -Competency 5 Tariff. Tax on goods produced abroad and sold domestically(tax on imported goods). A method used to restrict international trade. Dead weight loss. The fall in total surplus that results from a market distortion, such as a tax (new equilibrium price that is settled for the transaction will be higher and therefore some burden of this will be passed on to the consumer) How are tariff's and dead weight loss related? Explain. A...