WGU C211 focus Exam Questions with Verified Answers (Correct
Update)
Question 1: Globalization can be viewed as:
Answer: 1. a new force sweeping through the world in recent times. 2. a long-run historical
evolution since the dawn of human history. 3. a pendulum that swings from one extreme to another
from time to time.
Question 2: Which are the three views of globalization?
Answer: A recent force, a long-running evolution, and a pendulum
Question 3: An import quota is:
Answer: restriction on the quantity of imports that can be brought into a country.
Question 4: Examples of nontariff trade barrier (NTB)
Answer: Import quotas Local content requirements Subsidies
Question 5: Free trade is defined as:
Answer: The idea that market forces should determine how much to trade with little or no
government intervention.
Question 6: political argument against free trade
Answer: Consumer protection National security Environmental and social responsibility
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, Question 7: To express its opposition to the political regime in Myanmar, the United States has
banned the importation of jade and other gemstones from that country. This is an example of a
Answer: trade embargo
Question 8: The primary political views on FDI are:
Answer: Free market and pragmatic nationalism
Question 9: Firms can increase their chances of success with FDI by
Answer: 1. assessing whether FDI is justified, in light of other options. 2. understanding that
political realities either facilitate or constrain FDI. 3. leveraging OLI advantages in a way that is
valuable, unique, and hard to imitate by rival firms.
Question 10: How do firms create value when engaging rivals
Answer: 1. Secure patents on key products. 2. All of these 3. Launch products in multiple markets.
4. Hold a dominant position in key markets.
Question 11: The theory of comparative advantage was advocated by
Answer: David Ricardo
Question 12: The modern trade theories include the following
Answer: 1. Theory of product life cycle 2. Theory of national competitive advantage of industries
3. Theory of strategic trade
Question 13: The theory of mercantilism
Answer: views international trade as a zero-sum game.
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Update)
Question 1: Globalization can be viewed as:
Answer: 1. a new force sweeping through the world in recent times. 2. a long-run historical
evolution since the dawn of human history. 3. a pendulum that swings from one extreme to another
from time to time.
Question 2: Which are the three views of globalization?
Answer: A recent force, a long-running evolution, and a pendulum
Question 3: An import quota is:
Answer: restriction on the quantity of imports that can be brought into a country.
Question 4: Examples of nontariff trade barrier (NTB)
Answer: Import quotas Local content requirements Subsidies
Question 5: Free trade is defined as:
Answer: The idea that market forces should determine how much to trade with little or no
government intervention.
Question 6: political argument against free trade
Answer: Consumer protection National security Environmental and social responsibility
Page 1
, Question 7: To express its opposition to the political regime in Myanmar, the United States has
banned the importation of jade and other gemstones from that country. This is an example of a
Answer: trade embargo
Question 8: The primary political views on FDI are:
Answer: Free market and pragmatic nationalism
Question 9: Firms can increase their chances of success with FDI by
Answer: 1. assessing whether FDI is justified, in light of other options. 2. understanding that
political realities either facilitate or constrain FDI. 3. leveraging OLI advantages in a way that is
valuable, unique, and hard to imitate by rival firms.
Question 10: How do firms create value when engaging rivals
Answer: 1. Secure patents on key products. 2. All of these 3. Launch products in multiple markets.
4. Hold a dominant position in key markets.
Question 11: The theory of comparative advantage was advocated by
Answer: David Ricardo
Question 12: The modern trade theories include the following
Answer: 1. Theory of product life cycle 2. Theory of national competitive advantage of industries
3. Theory of strategic trade
Question 13: The theory of mercantilism
Answer: views international trade as a zero-sum game.
Page 2
