WGU C211 GLOBAL ECONOMICS FOR
MANAGERS NEWEST VERSION 2024-2025
QUESTIONS AND CORRECT DETAILEDANSWERS
WITH DETAILED ANSWERS |ALREADYGRADED
A+
Terms in this set (136)
Views on Globalization New, Evolutionary, and Pendulum
"New" view on A force sweeping through the world in recent times.
globalization
"Evolutionary" view on A long-run historical evolution since the dawn of
globalization human history
"Pendulum" view on One that swings from one extreme to another from
globalization time to time
Direct investment in, control, and management of
Foreign Direct Investment
value-added activities in other countries
Radical View, Free Market View, Pragmatic
Political views on FDI
Nationalism
Benefits to a country Capital Inflow, Technology Spillover, Advanced
receiving FDI Management Know-How, Job creation
Costs to a country Loss of Sovereignty, Adverse effects on competition,
receiving FDI Capital outflow.
How do resources and Resource similarity and market commonality can yield
capabilities influence the a powerful framework for competitor analysis.
competitive dynamics of a
business?
, The extent to which a given competitor possesses
Resource similarity strategic endowment comparable, in terms of both
type and amount, to those of the focal firm.
How does resource Firms with a high degree are likely to have similar
similarity impact competitive actions. (Starbuck's instant coffee &
competitive dynamics? McDonald's iced coffee)
Classical theories of Mercantilism, Absolute advantage, and Comparative
international trade advantage
Modern theory view Dynamic
Classical theory view Static
The economic advantage one nation enjoys that is
Absolute advantage
superior to other nations
The advantage one economic activity nation enjoys in
Comparative advantage
comparison with other nations (relative, not absolute)
A theory that suggests that the wealth of the world is
Mercantilism fixed and that a nation that exports more and imports
less will be richer.
Features of the product New, Maturing, and Standardized
life cycle?
Intervention by governments in certain industries can
Strategic trade
enhance their odds for international success.
How are supply and The price of a commodity, a country's currency, is
demand related to the fundamentally determined by this. Strong demand
exchange rate of a leads to price hikes; oversupply results in price drops.
country?
Mercantilism (although both are of the idea that
governments should actively protect domestic
Which theory came first?
industries from imports and vigorously promote
exports)
MANAGERS NEWEST VERSION 2024-2025
QUESTIONS AND CORRECT DETAILEDANSWERS
WITH DETAILED ANSWERS |ALREADYGRADED
A+
Terms in this set (136)
Views on Globalization New, Evolutionary, and Pendulum
"New" view on A force sweeping through the world in recent times.
globalization
"Evolutionary" view on A long-run historical evolution since the dawn of
globalization human history
"Pendulum" view on One that swings from one extreme to another from
globalization time to time
Direct investment in, control, and management of
Foreign Direct Investment
value-added activities in other countries
Radical View, Free Market View, Pragmatic
Political views on FDI
Nationalism
Benefits to a country Capital Inflow, Technology Spillover, Advanced
receiving FDI Management Know-How, Job creation
Costs to a country Loss of Sovereignty, Adverse effects on competition,
receiving FDI Capital outflow.
How do resources and Resource similarity and market commonality can yield
capabilities influence the a powerful framework for competitor analysis.
competitive dynamics of a
business?
, The extent to which a given competitor possesses
Resource similarity strategic endowment comparable, in terms of both
type and amount, to those of the focal firm.
How does resource Firms with a high degree are likely to have similar
similarity impact competitive actions. (Starbuck's instant coffee &
competitive dynamics? McDonald's iced coffee)
Classical theories of Mercantilism, Absolute advantage, and Comparative
international trade advantage
Modern theory view Dynamic
Classical theory view Static
The economic advantage one nation enjoys that is
Absolute advantage
superior to other nations
The advantage one economic activity nation enjoys in
Comparative advantage
comparison with other nations (relative, not absolute)
A theory that suggests that the wealth of the world is
Mercantilism fixed and that a nation that exports more and imports
less will be richer.
Features of the product New, Maturing, and Standardized
life cycle?
Intervention by governments in certain industries can
Strategic trade
enhance their odds for international success.
How are supply and The price of a commodity, a country's currency, is
demand related to the fundamentally determined by this. Strong demand
exchange rate of a leads to price hikes; oversupply results in price drops.
country?
Mercantilism (although both are of the idea that
governments should actively protect domestic
Which theory came first?
industries from imports and vigorously promote
exports)
