C211 OA exam questions with answers

C211 OA exam questions with answers
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view that claims phenomenon of globalization was
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initially driven by the desire of Western economies to
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exploit their power through MNE's - CORRECT ANSWERS
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✔✔new


view that claims globalization is a long-run historical
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evolution since the dawn of humanity. Says it is nothing
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new and that it will always exist - CORRECT ANSWERS
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✔✔evolutionary


view that claims globalization is swinging from one
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extreme to another from time to time - CORRECT
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ANSWERS ✔✔pendulum |\




investment in, controlling, and managing value-added
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activities in other countries - CORRECT ANSWERS
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✔✔foreign direct investment |\ |\




political view hostile to FDI. believes it is an instrument of
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imperialism and vehicle for exploitation of domestic
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resources by foreign capitalists and firms - CORRECT
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ANSWERS ✔✔radical |\

,suggests that FDI, unrestricted by government
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intervention, will enable countries to tap into their |\ |\ |\ |\ |\ |\ |\ |\



absolute or comparative advantages by specializing in
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the production of certain goods and services - CORRECT
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ANSWERS ✔✔free market |\ |\




views FDI as having pros and cons and only approving FDI
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when its benefits outweigh costs - CORRECT ANSWERS
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✔✔pragmatic nationalis |\




what benefits exist to a country receiving FDI? - CORRECT
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ANSWERS ✔✔capital inflow, technology spillovers,
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advanced management know-how, creates jobs|\ |\ |\ |\




what costs exist to a country receiving FDI? - CORRECT
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ANSWERS ✔✔loss of sovereignty, adverse effects on
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competition, net outflow in the capital account |\ |\ |\ |\ |\ |\




The aggregation of importing and exporting that leads to
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the country-level trade surplus or deficit. - CORRECT
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ANSWERS ✔✔balance of trade |\ |\ |\




firms with a _____ degree of resource similarity are likely
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to have similar competitive actions - CORRECT ANSWERS
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✔✔high

, a high degree of resource similarity but low market
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commonality = _______ intensity of rivalry - CORRECT |\ |\ |\ |\ |\ |\ |\ |\



ANSWERS ✔✔highest |\




little resource similarity but high market commonality =
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_____ intensity of rivalry - CORRECT ANSWERS ✔✔lowest
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mercantilism, absolute advantage and comparative |\ |\ |\ |\ |\



advantage belong to what theory of international trade - |\ |\ |\ |\ |\ |\ |\ |\ |\



CORRECT ANSWERS ✔✔classical |\ |\




theory of international trade that relies on more realistic
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product life cycles and first mover advantages - CORRECT
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ANSWERS ✔✔modern
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under free trade, a nation gains by specializing in
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economic activities in which it has _____advantage -
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CORRECT ANSWERS ✔✔absolute |\ |\




focuses on the idea that if a country does not have
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absolute advantage, they can still choose to specialize in
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the production of one good where it has ______ advantage
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- CORRECT ANSWERS ✔✔comparative
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