WGU C211 Global Economics for Managers
Arizona School Of Real Estate And Business
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Examen
WGU C211 Global Economics for Managers questions and answers verified for accuracy(100% pass)
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---78septiembre 20232023/2024A+
- Absolute Advantage 
The economic advantage one nation enjoys that is absolutely superior to other nations. 
 
 
Accounting Profit 
Total revenue minus total explicit cost 
 
 
Acquisition 
a wholly owned subsidiary is created through direct foreign investment. 
 
 
Administrative Policy 
Bureaucratic rules that make it harder to import foreign goods. 
 
 
Agglomeration 
Clustering of economic activities in certain locations. Beyond geographic advantages, location-specific advantages also arise f...
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Examen
WGU C211 - Competency 1 FINAL EXAM QUESTIONS AND ANSWERS
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---4septiembre 20232023/2024A+
- Views on Globalization 
New, Evolutionary, and Pendulum 
 
 
 
"New" view on globalization 
A force sweeping through the world in recent times. 
 
 
 
"Evolutionary" view on globalization 
A long-run historical evolution since the dawn of human history 
 
 
 
"Pendulum" view on globalization 
One that swings from one extreme to another from time to time 
 
 
 
Foreign Direct Investment 
Direct investment in, control, and management of value-added activities in other countries 
 
 
 
Politi...
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Examen
WGU C211 CH 21 QUESTIONS AND ANSWERS
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---1septiembre 20232023/2024A+
- The opportunity cost of one good relative to another reflects: 
The slope of the budget constraint. 
 
 
 
Assume that an individual's budget decreases and that prices remain constant. What would happen to his/her budget constraint? The budget constraint line would 
Shift inward in a parallel manner 
 
 
 
Observing an individual's indifference curve demonstrates his/her 
Preferences 
 
 
 
Assume that Bob's income increases following a promotion at work, but prices do not change. What will h...
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Examen
C211 WGU Pre-Assessment, C211 Study Guide, 1. WGU C211 Globalization (peng 1,5,6,11), C211 International Trade and Foreign Exchange Markets, WGU c211 Political and Economic Forces with 100% correct answers(verified for accuracy)
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---42septiembre 20232023/2024A+
- Which view claims that the phenomenon of globalization was initially driven by the desire of western economies to exploit their power through multinational enterprises? 
the new-force view 
 
 
 
Economic gains come from international trade because one country's exported goods, services, or other items are unique, valuable, and difficult to duplicate to the importing countries? 
Which view does this statement portray? 
Resource-based view 
 
 
 
What is the aggregation of importing and exportin...
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Examen
WGU C211 Global Economics for Managers test questions with 100% correct answers.
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---27septiembre 20232023/2024A+
- WGU C211 Chapter 1 questions and answersGlobalization 
The process by which businesses or other organizations develop international influence or start operating on an international scale 
 
 
 
Import quota 
A limit on the number of products in certain categories that a nation can import 
 
 
 
Emerging economy 
Nations with social or business activity in the process of rapid growth and industrialization 
 
 
 
Global economic pyramid 
Pyramid that consists of all of the world's economies, comp...
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Examen
WGU C211 Chapter 1 questions and answers
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---3septiembre 20232023/2024A+
- International Business 
(IB) A business (or firm) that engages in international (cross-boarder) economic activities. 
 
 
 
Multinational Enterprise 
(MNE) A firm that engages in foreign direct investment. 
 
 
 
Foreign Direct Investment 
(FDI) When a business participates in investing, controlling, and managing value-added activities in other countries. 
 
 
 
International 
Focuses on foreign entrants 
 
 
 
Business Port 
Includes domestic businesses 
 
 
 
Global Business 
Business around t...
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Examen
WGU C211 Global Economics Chapter 14 with 100% correct answers.
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---3septiembre 20232023/2024A+
- A perfectly competitive firm 
 
chooses its price to maximize profits. 
sets its price to undercut other firms selling similar products. 
takes its price as given by market conditions. 
picks the price that yields the largest market share. 
takes its price as given by market conditions. 
 
 
 
A competitive firm maximizes profit by choosing the quantity at which 
 
average total cost is at its minimum. 
marginal cost equals the price. 
average total cost equals the price. 
marginal cost equals a...
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Examen
WGU C211 - Competency 2 exam questions and answers
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---3septiembre 20232023/2024A
- Regulatory pillar 
The coercive power of governments (laws, regs, rules) 
 
 
 
Normative pillar 
Values, beliefs, and actions of other relevant players (norms, cultures, ethics) 
 
 
 
Cognitive pillar 
The internalized, taken-for-granted values and beliefs that guide behavior. (beliefs between right/wrong) 
 
 
 
Formal institution 
One that include laws, regulations and rules 
 
 
 
Informal institution 
One that includes norms, cultures and ethics 
 
 
 
What core propositions lie at the roo...
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Examen
WGU C211 Global Econ Study Guide & Cohort Questions and answers.
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---11septiembre 20232023/2024A
- Views of globalization (Chp 1.4) 
1. It's a new phenomenom, starting in the late 20th century. 
2. It's a long term part of human history. 
3. Neither recent nor one directional, it's a pendulum that swings back and forth. 
 
 
 
Location specific advantage of Natural resource—seeking 
Strategic goal - Possession of natural resources and related transport and communication infrastructure 
 
 
 
Location specific advantage of Market-seeking 
Strategic goal - Abundance of strong market demand...
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Examen
WGU C211 Key Terms and Definitions|GUARANTEED SUCCESS
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---21septiembre 20232023/2024A
- Base of the Pyramid 
Economies where people make less that $2,000 per capita per year 
 
 
 
BRIC 
Brazil, Russia, India, China 
 
 
 
Emerging Economies 
A term that has gradually replaced the term "developing countries" since the 1990s 
 
 
 
Emerging Markets 
A term that is often used interchangeably with "emerging economies" 
 
 
 
Expatriate manager 
A manager who works abroad 
 
 
 
Foreign Direct Investment 
Investment in, controlling and managing value-added activities in other count...
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Examen
C211 OA TEST QUESTIONS WITH VERIFIED CORRECT ANSWERS
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---17septiembre 20232023/2024A+
- view that claims phenomenon of globalization was initially driven by the desire of Western economies to exploit their power through MNE's 
new 
 
 
 
view that claims globalization is a long-run historical evolution since the dawn of humanity. Says it is nothing new and that it will always exist 
evolutionary 
 
 
 
view that claims globalization is swinging from one extreme to another from time to time 
pendulum 
 
 
 
investment in, controlling, and managing value-added activities in other co...
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Examen
wgu c211 global economics exam questions with verified correct answers
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---21septiembre 20232023/2024A+
- which view claims that the phenomenon of globalization was initially driven by the Western economies to exploit their Powers through Multinational Enterprises 
"New" force view 
 
 
 
economic gaines from international trade because one countries exported Goods, services or other items are unique, valuable and difficult to duplicate to the important countries. which view does this statement portray? 
resource-based View 
 
 
 
what is the aggregation of importing and exporting that leads to th...
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Examen
PRE-ASSESSMENT GLOBAL ECONOMICS FOR MANAGERS (UZC2). WGU C211. Correct Answers
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---6septiembre 20232023/2024A+
- Which view claims that the phenomenon of globalization was initially driven by the desire of Western economies to exploit their power through multinational enterprises? 
The new-force view 
 
 
 
Economic gains come from international trade because one country's exported goods, services, or other items are unique, valuable, and difficult to duplicate to the importing countries 
Resource-based view 
 
 
 
What is the aggregation of importing and exporting that leads to the country-level trade su...
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Examen
C211 Global Economics for Managers (WGU) Cengage Text questions and answers
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---21septiembre 20232023/2024A+
- Globalization 
The close integration of countries and peoples of the world. 
 
 
 
Purchasing Power Parity (PPP) 
A conversion that determines the equivalent amount of goods and services that different currencies can purchase. 
 
 
 
Scenario Planning 
A technique to prepare and plan for multiple scenarios (either high or low risk). 
 
 
 
Risk management 
The identification and assessment of risks and the preparation to minimize the impact of high-risk , unfortunate events. 
 
 
 
Gross Nationa...
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Examen
WGU - C211 Global Economics for Managers test questions and answers.
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---17septiembre 20232023/2024A
- Explain the New, Evolutionary, and Pendulum views of Globalization. How do these differ from one another? 
New globalization is a new force sweeping through the world in recent times. Pendulum globalization is a pendulum that swings from one extreme to the the other from time to time. Evolutionary globalization is a long historical evolution since the dawn of human history. 
 
 
 
What is Foreign Direct Investment? 
Investment in controlling and managing value-added activities in other countries...
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Examen
C211 WGU Study Guide(questions and answers)2023-2025 updated & verified
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--129septiembre 20232023/2024A+
- Globalization 
Is the close integration of countries and peoples of the world which has been brought about by the enormous reduction of the cost of transportation and communication, and the breaking down of artificial barriers to the flows of goods, services, capital, knowledge, and (to a lesser extent) people across borders. 
 
 
 
New view of Globalization 
A new force sweeping through the world in recent times that it is a new phenomenon beginning in the late 20th century, driven by recent te...
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Examen
WGU C211 EXAM STUDY GUIDE QUESTIONS FULLY SOLVED WITH ALL ANSWERS VERIFIED FOR ACCURACY
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---9septiembre 20232023/2024A+
- Deadweight Cost 
Net losses that occurs in an economy as a result of tariffs 
 
 
 
Purchasing Power Parity (PPP) 
A conversion that determines the equivalent amount of goods and services different currencies can purchase. An adjustment to reflect the differences in the cost of living in various countries 
 
 
 
Triad 
North America, Western Europe, and Japan 
 
 
 
Resource Based View 
An organization's resources and capabilities, NOT external conditions, should be the basis for strategic deci...
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Examen
WGU C211 - Global Economics for Managers exam questions and answers 2023 update
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---9septiembre 20232023/2024A+
- **What Political views exist on Foreign Direct Investment (FDI)** 
**answer includes radicalism** 
Radical View - Hostile to foreign direct investment (FD) 
 
Free Market View - Suggests foreign direct investment (FDI) unrestricted by government intervention is the best. 
 
Pragmatic Nationalism - Only approves foreign direct investment (FDI) when its benefits outweigh its costs. 
 
 
 
**What is Resource similarity** 
The extent to which a given competitor possesses strategic endowment comparab...
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Examen
WGU C211 - Global Economics for Managers, Brian Final exam questions and answers(verified for accuracy)
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---48septiembre 20232023/2024A+
- 3 views on globalization 
Globalization is when you do business internationally 
 
New, Evolutionary, and Pendulum 
 
 
"New" view on globalization 
A force sweeping through the world in recent times. 
 
Which view claims that the phenomenon of globalization was initially driven by the desire of Western economies to exploit their power through multinational enterprises? 
 
 
"Evolutionary" view on globalization 
A long-run historical evolution since the dawn of human history 
 
 
"Pendulum...
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Examen
WGU C211 Global Economics Terms with 100% correct definitions.
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---4septiembre 20232023/2024A+
- Foreign Direct Investment (FDI) 
Investment in, controlling, and managing value-added activities in other countries. 
 
 
 
Mercantilism/Theory of Mercantilism 
A theory that suggests that the wealth of the world is fixed and that a nation that exports more and imports less will be richer. 
 
 
 
Strategic Trade Policy 
Government policy that provides companies a strategic advantage in international trade through subsidies and other supports. 
 
 
 
Transaction Risk 
It's the exchange rate risk...
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