C211 Global Economics FINAL EXAM (2025/2026) LATEST |COMPLETE QUESTIONS
AND VERIFIED ANSWERS (GRADED A+) DETAILED ANSWERS!!
marketing, management, economics, entrepreneurship, and international business.1.2. Structure of Business ExamsBusiness exams are often a mix of theoretical knowledge and practic
studies, require students to analyze complex scenarios with limited information. Students often struggle with formulating a strategic approach or making decisions b
Terms in this set (706)
the idea that taxes should be levied on a person
ability-to-pay principle according to how well that person can shoulder
the burden
The economic advantage one nation enjoys that is
absolute advantage
absolutely superior to other nations.
The ability to recognize the value of new
absorptive capacity
information, assimilate it, and apply it.
, A strategy characterized by some support from top
accommodative strategy managers, who may increasingly view CSR as a
worthwhile endeavor.
accounting profit total revenue minus total explicit cost
A transfer of the control of operations and
acquisition management from one firm (target) to another
(acquirer), the former becoming a unit of the latter.
The difference between the acquisition price and
acquisition premium
the market value of target firms.
The ability to change supply chain configurations in
adaptability response to longer-term changes in the
environment and technology.
Bureaucratic rules that make it harder to import
Administrative policies
foreign goods.
the tendency for the mix of unobserved attributes
Adverse selection to become undesirable from the standpoint of an
uninformed party
The costs associated with principal-agent
agency costs
relationships.
The relationship between principals (such as
agency relationship shareholders) and agents (such as professional
managers).
marketing, management, economics, entrepreneurship, and international studies, require students to analyze complex scenarios with limited information. Students often struggle with formulating a strategic approach or making decisions b
, A theory that focuses on principal-agent
Agency theory
relationships (or in short, agency relationships).
A person (such as manager) to whom authority is
Agent
delegated.
Clustering of economic activities in certain
agglomeration
locations.
a curve that shows the quantity of goods and
aggregate-supply curve services that firms choose to produce and sell at
each price level
The ability to react quickly to unexpected shifts in
Agility
supply and demand.
Alignment Alignment of interests of various players.
A customs union in South America that was
Andean Community
launched in 1969.
Tariffs levied on imports that have been "dumped"
antidumping duties (selling below costs to "unfairly" drive domestic
firms out of business).
Law that makes it illegal for an exporter to sell
Antidumping law goods below cost abroad with the intent to raise
prices after eliminating local rivals.
antitrust law Law that outlaws cartels (trusts).
studies, require students to analyze complex scenarios with limited information. Students often struggle with formulating a strategic approach or making decisions boften a mix of theoretical knowledge and
practic
, studies, require students to analyze complex scenarios with limited information. Students often struggle with formulating a strategic approach or making decisions b
marketing, management, economics, entrepreneurship, and international business.1.2. Structure of Business ExamsBusiness exams are often a mix of theoretical knowledge and practic
Government policy designed to combat
antitrust policy
monopolies and cartels.
The official title for regional economic integration
APEC
involving 21 member economies around the Pacific.
an increase in the value of a currency as measured
appreciation
by the amount of foreign currency it can buy
a mathematical result showing that, under certain
Arrow's impossibility assumed conditions, there is no scheme for
theorem aggregating individual preferences into a valid set
of social preferences
Asia-Pacific Economic The official title for regional economic integration
Cooperation (APEC) involving 21 member economies around the Pacific.
Association of Southeast The organization underpinning regional economic
Asian Nations (ASEAN) integration in Southeast Asia.
An initial set of actions to gain competitive
attack
advantage.
AND VERIFIED ANSWERS (GRADED A+) DETAILED ANSWERS!!
marketing, management, economics, entrepreneurship, and international business.1.2. Structure of Business ExamsBusiness exams are often a mix of theoretical knowledge and practic
studies, require students to analyze complex scenarios with limited information. Students often struggle with formulating a strategic approach or making decisions b
Terms in this set (706)
the idea that taxes should be levied on a person
ability-to-pay principle according to how well that person can shoulder
the burden
The economic advantage one nation enjoys that is
absolute advantage
absolutely superior to other nations.
The ability to recognize the value of new
absorptive capacity
information, assimilate it, and apply it.
, A strategy characterized by some support from top
accommodative strategy managers, who may increasingly view CSR as a
worthwhile endeavor.
accounting profit total revenue minus total explicit cost
A transfer of the control of operations and
acquisition management from one firm (target) to another
(acquirer), the former becoming a unit of the latter.
The difference between the acquisition price and
acquisition premium
the market value of target firms.
The ability to change supply chain configurations in
adaptability response to longer-term changes in the
environment and technology.
Bureaucratic rules that make it harder to import
Administrative policies
foreign goods.
the tendency for the mix of unobserved attributes
Adverse selection to become undesirable from the standpoint of an
uninformed party
The costs associated with principal-agent
agency costs
relationships.
The relationship between principals (such as
agency relationship shareholders) and agents (such as professional
managers).
marketing, management, economics, entrepreneurship, and international studies, require students to analyze complex scenarios with limited information. Students often struggle with formulating a strategic approach or making decisions b
, A theory that focuses on principal-agent
Agency theory
relationships (or in short, agency relationships).
A person (such as manager) to whom authority is
Agent
delegated.
Clustering of economic activities in certain
agglomeration
locations.
a curve that shows the quantity of goods and
aggregate-supply curve services that firms choose to produce and sell at
each price level
The ability to react quickly to unexpected shifts in
Agility
supply and demand.
Alignment Alignment of interests of various players.
A customs union in South America that was
Andean Community
launched in 1969.
Tariffs levied on imports that have been "dumped"
antidumping duties (selling below costs to "unfairly" drive domestic
firms out of business).
Law that makes it illegal for an exporter to sell
Antidumping law goods below cost abroad with the intent to raise
prices after eliminating local rivals.
antitrust law Law that outlaws cartels (trusts).
studies, require students to analyze complex scenarios with limited information. Students often struggle with formulating a strategic approach or making decisions boften a mix of theoretical knowledge and
practic
, studies, require students to analyze complex scenarios with limited information. Students often struggle with formulating a strategic approach or making decisions b
marketing, management, economics, entrepreneurship, and international business.1.2. Structure of Business ExamsBusiness exams are often a mix of theoretical knowledge and practic
Government policy designed to combat
antitrust policy
monopolies and cartels.
The official title for regional economic integration
APEC
involving 21 member economies around the Pacific.
an increase in the value of a currency as measured
appreciation
by the amount of foreign currency it can buy
a mathematical result showing that, under certain
Arrow's impossibility assumed conditions, there is no scheme for
theorem aggregating individual preferences into a valid set
of social preferences
Asia-Pacific Economic The official title for regional economic integration
Cooperation (APEC) involving 21 member economies around the Pacific.
Association of Southeast The organization underpinning regional economic
Asian Nations (ASEAN) integration in Southeast Asia.
An initial set of actions to gain competitive
attack
advantage.
