WGU C211 - GLOBAL ECONOMICS FOR
MANAGERS EXAM QUESTIONS CORRECT
ANSWERS 100%
Which mmview mmclaims mmthat mmthe mmphenomenon mmof mmglobalization mmwas mminitially
mmdriven mmby mmthe mmdesire mmof mmWestern mmeconomies mmto mmexploit mmtheir mmpower
mmthrough mmmultinational mmenterprises? mm- mmANSWER-The mmnew mmforce mmview
Economic mmgains mmcome mmfrom mminternational mmtrade mmbecause mmone mmcountry's
mmexported mmgoods, mmservices mmor mmother mmitems mmare mmunique, mmvaluable, mmand
mmdifficult mmto mmduplicate mmto mmimporting mmcountry mm- mmANSWER-Resource-based
mmview
What mmis mmthe mmaggregation mmof mmimporting mmand mmexporting mmthat mmleads mmto
mmthe mmcountry-level mmtrade mmsurplus mmor mmdeficit? mm- mmANSWER-Balance mmof
mmTrade
What mmis mma mmcost mmof mmforeign mmdirect mminvestment? mm- mmANSWER-Developing
mmcountries mmmay mmbe mmexploited mmby mmmultinational mmenterprises mm(MNE)
Which mmtype mmof mmmanagerial mmcapability mmis mmboth mmchallenging mmand mmdifficult
mmto mmimitate? mm- mmANSWER-Intangible mmcapability
What mmmay mmprecious, mmrare mmand mmhard mmto mmduplicate mmresources mmand
mmcapabilities mmlead mmto mmfor mma mmfirm? mm- mmANSWER-Sustained mmcomparative
mmadvantage
Which mmtheory mmof mminternational mmtrade mmstates mmthat mmpoor mmcountries mmoften
mmexperience mmfaster mmrates mmof mmeconomic mmgrowth mmcompared mmto mmwealthy
mmcountries? mm- mmANSWER-The mmcatch-up mmeffect
What mmis mmthe mmfinancial mmenvironment mmin mmwhich mmexchange mmrates mmand
mmpayments mmfor mmgoods mmand mmservices mmare mmconducted? mm- mmANSWER-
Commodity mmExchange
What mmhappens mmto mma mmcountry's mmreal mmexchange mmrates mmand mmnominal
mminterest mmrate mmas mmthe mmprice mmlevel mmincreases, mmassuming mmall mmother
mmfactors mmare mmunchanged? mm- mmANSWER-Exchange mmrates mmdepreciate,
mminterest mmrates mmincrease
, What mmis mmthe mmeasiest mmmethod mmnon-financial mmcompanies mmuse mmto mmhandle
mmcurrency mmfluctuations? mm- mmANSWER-Commodity mmTrading
Which mmstrategy mmminimizes mmthe mmrisk mmfor mmunanticipated mmchanges mmin mmfuture
mmexchange mmrates? mm- mmANSWER-Currency mmSwap
A mmcompany mmis mmlooking mmfor mma mmlocation mmwith mman mmabundance mmof mmground
mmbreaking mmindividuals, mmfirms mmand mmuniversities. mmWhich mmtype mmof mmstrategic
mmgoal mmis mmthis mmcompany mmdemonstrating? mm- mmANSWER-Innovation-seeking
What mmadvantage mmcomes mmwith mmnot mmsharing mmbenefits mmwith mmlate mmentrants?
mm- mmANSWER-First-mover mmadvantage
Which mmentry mmmode mmis mma mmnon-equity mmarrangement mmfor mma mmcompany
mmcontemplating mmentry mminto mma mmforeign mmmarket? mm- mmANSWER-Licensing
What mmsize mmcommitment mmis mmrequired mmfor mma mmnon-equity mmmode mmof mmentry
mminto mma mmforeign mmmarket? mm- mmANSWER-Small mmcommitment
What mmare mmtwo mmsupportive mmpillars mmfor mman mminformal mminstitution? mm-
mmANSWER-Normative mmand mmCognitive
What mmis mmthe mmkey mmrole mmof mman mminstitution, mmaccording mmto mmthe mminstitution-
based mmview? mm- mmANSWER-To mmreduce mmuncertainty
What mmare mmthe mmrules, mmenforcement mmmechanisms, mmand mmorganizations mmthat
mmsupport mmmarket mmtransactions? mm- mmANSWER-Institutions
What mmis mma mmcore mmproposition mmunderpinning mman mminstitutional mmbased mmview
mmof mmglobal mmbusiness? mm- mmANSWER-Bounded mmRationality
In mmwhich mmtype mmof mmpolitical mmsystem mmdo mmcitizens mmelect mmrepresentatives mmto
mmgovern mmthe mmcountry mmon mmtheir mmbehalf? mm- mmANSWER-Democracy
Which mmlegal mmsystem mmuses mmcomprehensive mmlists mmof mmrules mmand mmwritten
mmcodes? mm- mmANSWER-Civil mmLaw
What mmare mmthe mmlegal mmprivileges mmassociated mmwith mmthe mmuse mmof mmeconomic
mmproperty mmto mmobtain mmincome mmand mmother mmbenefits mmfrom mmits mmuse? mm-
mmANSWER-Property mmRights
What mmis mmthe mmpurpose mmof mmhaving mmproperty mmrights mmand mmintellectual
mmproperty mmrights? mm- mmANSWER-To mmlegally mmprotect mmthe mmuse mmof mmtangible
mmand mmintangible mmproperty mmand mmallow mmits mmlawful mmowner mmto mmderive
mmincome mmand mmother mmbenefits mmfrom mmit
MANAGERS EXAM QUESTIONS CORRECT
ANSWERS 100%
Which mmview mmclaims mmthat mmthe mmphenomenon mmof mmglobalization mmwas mminitially
mmdriven mmby mmthe mmdesire mmof mmWestern mmeconomies mmto mmexploit mmtheir mmpower
mmthrough mmmultinational mmenterprises? mm- mmANSWER-The mmnew mmforce mmview
Economic mmgains mmcome mmfrom mminternational mmtrade mmbecause mmone mmcountry's
mmexported mmgoods, mmservices mmor mmother mmitems mmare mmunique, mmvaluable, mmand
mmdifficult mmto mmduplicate mmto mmimporting mmcountry mm- mmANSWER-Resource-based
mmview
What mmis mmthe mmaggregation mmof mmimporting mmand mmexporting mmthat mmleads mmto
mmthe mmcountry-level mmtrade mmsurplus mmor mmdeficit? mm- mmANSWER-Balance mmof
mmTrade
What mmis mma mmcost mmof mmforeign mmdirect mminvestment? mm- mmANSWER-Developing
mmcountries mmmay mmbe mmexploited mmby mmmultinational mmenterprises mm(MNE)
Which mmtype mmof mmmanagerial mmcapability mmis mmboth mmchallenging mmand mmdifficult
mmto mmimitate? mm- mmANSWER-Intangible mmcapability
What mmmay mmprecious, mmrare mmand mmhard mmto mmduplicate mmresources mmand
mmcapabilities mmlead mmto mmfor mma mmfirm? mm- mmANSWER-Sustained mmcomparative
mmadvantage
Which mmtheory mmof mminternational mmtrade mmstates mmthat mmpoor mmcountries mmoften
mmexperience mmfaster mmrates mmof mmeconomic mmgrowth mmcompared mmto mmwealthy
mmcountries? mm- mmANSWER-The mmcatch-up mmeffect
What mmis mmthe mmfinancial mmenvironment mmin mmwhich mmexchange mmrates mmand
mmpayments mmfor mmgoods mmand mmservices mmare mmconducted? mm- mmANSWER-
Commodity mmExchange
What mmhappens mmto mma mmcountry's mmreal mmexchange mmrates mmand mmnominal
mminterest mmrate mmas mmthe mmprice mmlevel mmincreases, mmassuming mmall mmother
mmfactors mmare mmunchanged? mm- mmANSWER-Exchange mmrates mmdepreciate,
mminterest mmrates mmincrease
, What mmis mmthe mmeasiest mmmethod mmnon-financial mmcompanies mmuse mmto mmhandle
mmcurrency mmfluctuations? mm- mmANSWER-Commodity mmTrading
Which mmstrategy mmminimizes mmthe mmrisk mmfor mmunanticipated mmchanges mmin mmfuture
mmexchange mmrates? mm- mmANSWER-Currency mmSwap
A mmcompany mmis mmlooking mmfor mma mmlocation mmwith mman mmabundance mmof mmground
mmbreaking mmindividuals, mmfirms mmand mmuniversities. mmWhich mmtype mmof mmstrategic
mmgoal mmis mmthis mmcompany mmdemonstrating? mm- mmANSWER-Innovation-seeking
What mmadvantage mmcomes mmwith mmnot mmsharing mmbenefits mmwith mmlate mmentrants?
mm- mmANSWER-First-mover mmadvantage
Which mmentry mmmode mmis mma mmnon-equity mmarrangement mmfor mma mmcompany
mmcontemplating mmentry mminto mma mmforeign mmmarket? mm- mmANSWER-Licensing
What mmsize mmcommitment mmis mmrequired mmfor mma mmnon-equity mmmode mmof mmentry
mminto mma mmforeign mmmarket? mm- mmANSWER-Small mmcommitment
What mmare mmtwo mmsupportive mmpillars mmfor mman mminformal mminstitution? mm-
mmANSWER-Normative mmand mmCognitive
What mmis mmthe mmkey mmrole mmof mman mminstitution, mmaccording mmto mmthe mminstitution-
based mmview? mm- mmANSWER-To mmreduce mmuncertainty
What mmare mmthe mmrules, mmenforcement mmmechanisms, mmand mmorganizations mmthat
mmsupport mmmarket mmtransactions? mm- mmANSWER-Institutions
What mmis mma mmcore mmproposition mmunderpinning mman mminstitutional mmbased mmview
mmof mmglobal mmbusiness? mm- mmANSWER-Bounded mmRationality
In mmwhich mmtype mmof mmpolitical mmsystem mmdo mmcitizens mmelect mmrepresentatives mmto
mmgovern mmthe mmcountry mmon mmtheir mmbehalf? mm- mmANSWER-Democracy
Which mmlegal mmsystem mmuses mmcomprehensive mmlists mmof mmrules mmand mmwritten
mmcodes? mm- mmANSWER-Civil mmLaw
What mmare mmthe mmlegal mmprivileges mmassociated mmwith mmthe mmuse mmof mmeconomic
mmproperty mmto mmobtain mmincome mmand mmother mmbenefits mmfrom mmits mmuse? mm-
mmANSWER-Property mmRights
What mmis mmthe mmpurpose mmof mmhaving mmproperty mmrights mmand mmintellectual
mmproperty mmrights? mm- mmANSWER-To mmlegally mmprotect mmthe mmuse mmof mmtangible
mmand mmintangible mmproperty mmand mmallow mmits mmlawful mmowner mmto mmderive
mmincome mmand mmother mmbenefits mmfrom mmit
