1|Page
WGU C211 GLOBAL ECONOMICS FOR
MANAGERS OA AND PA 2025/2026
BANK EXAM QUESTIONS AND
CORRECT ANSWERS /ACCURATE
REAL EXAM
WITH FREQUENTLY TESTED
QUESTIONS AND RATIONALE
/ALREADY GRADED A+
The resource-based view of global business differs from
the institution-based view of global business in that the
resource-based view . ......answer.....focuses on the
internal strengths on the firm
,2|Page
Which of the following is true of globalization according
to the "pendulum view" perspective?
......answer.....Globalization is a not a one-directional
phenomenon.
The of globalization suggests that globalization
is neither recent nor one-directional.
......answer.....pendulum view
Which of the following is true of semiglobalization?
......answer.....It is a type of globalization that lies between
total isolation and total globalization.
Globalization can be viewed as: ......answer.....A new
force sweeping through the world in recent times.
A long-run historical evolution since the dawn of human
history.
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A pendulum that swings from one extreme to another from
time to time.
Name the three views of globalization. ......answer.....A
recent force, a long-running evolution, and a pendulum
The theory viewed international trade as a zero-sum
game.
......answer.mercantilism
The principle advocated that governments should
actively protect domestic industries from imports and
vigorously promote exports. ......answer. protectionism
Which of the following is a modern trade theory?
......answer.....National competitive advantage
, 4|Page
The theory is based on the assumption that the
wealth of the world is fixed. ......answer mercantilism
Import quotas are a type of . ......answer. tariff barrier
According to the theory of absolute advantage, under free
trade,
......answer.....Each nation gains by specializing in
economic activities in which a nation has absolute
advantage.
Which of the following is NOT a nontariff trade barrier
(NTB)?
......answer.....Cultural distance
Chile requires 50 units of resource to produce one ton of
wine and 20 units of resource to produce one ton of
WGU C211 GLOBAL ECONOMICS FOR
MANAGERS OA AND PA 2025/2026
BANK EXAM QUESTIONS AND
CORRECT ANSWERS /ACCURATE
REAL EXAM
WITH FREQUENTLY TESTED
QUESTIONS AND RATIONALE
/ALREADY GRADED A+
The resource-based view of global business differs from
the institution-based view of global business in that the
resource-based view . ......answer.....focuses on the
internal strengths on the firm
,2|Page
Which of the following is true of globalization according
to the "pendulum view" perspective?
......answer.....Globalization is a not a one-directional
phenomenon.
The of globalization suggests that globalization
is neither recent nor one-directional.
......answer.....pendulum view
Which of the following is true of semiglobalization?
......answer.....It is a type of globalization that lies between
total isolation and total globalization.
Globalization can be viewed as: ......answer.....A new
force sweeping through the world in recent times.
A long-run historical evolution since the dawn of human
history.
,3|Page
A pendulum that swings from one extreme to another from
time to time.
Name the three views of globalization. ......answer.....A
recent force, a long-running evolution, and a pendulum
The theory viewed international trade as a zero-sum
game.
......answer.mercantilism
The principle advocated that governments should
actively protect domestic industries from imports and
vigorously promote exports. ......answer. protectionism
Which of the following is a modern trade theory?
......answer.....National competitive advantage
, 4|Page
The theory is based on the assumption that the
wealth of the world is fixed. ......answer mercantilism
Import quotas are a type of . ......answer. tariff barrier
According to the theory of absolute advantage, under free
trade,
......answer.....Each nation gains by specializing in
economic activities in which a nation has absolute
advantage.
Which of the following is NOT a nontariff trade barrier
(NTB)?
......answer.....Cultural distance
Chile requires 50 units of resource to produce one ton of
wine and 20 units of resource to produce one ton of
