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WGU C211 OA EXAM 2025 Newest Questions & Verified Answers 2025 / 2026 Update $15.49
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  3. Western Governers University
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  5. C211 Global Economics

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WGU C211 OA EXAM 2025 Newest Questions & Verified Answers 2025 / 2026 Update
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WGU C211 OA EXAM 2025 Newest Questions & Verified Answers 2025 / 2026 Update

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  • December 2, 2022
  • 31
  • 2022/2023
  • Exam (elaborations)
  • Questions & answers

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C211 OA

Study online at https://quizlet.com/_7t4h5z

C211 OA EXAM 2022\2023


1. view that claims phenomenon of globalization was initially driven by


the desire of Western economies to exploit their power through MNE's:


new


2. 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


3. view that claims globalization is swinging from one extreme to


another from time to time: pendulum


4. investment in, controlling, and managing value-added activities in


other countries: foreign direct investment






, . C211 OA

Study online at https://quizlet.com/_7t4h5z
5. political view hostile to FDI. believes it is an instrument of imperialism


and vehicle for exploitation of domestic resources by foreign capitalists


and firms: radical


6. suggests that FDI, unrestricted by government intervention, will


enable countries to tap into their absolute or comparative advantages by


specializing in the production of certain goods and services: free market


7. views FDI as having pros and cons and only approving FDI when its


benefits outweigh costs: pragmatic nationalis


8. what benefits exist to a country receiving FDI?: capital inflow,


technology spillovers, advanced management know-how, creates jobs


9. what costs exist to a country receiving FDI?: loss of sovereignty,


adverse effects on competition, net outflow in the capital account




, . C211 OA

Study online at https://quizlet.com/_7t4h5z
10. The aggregation of importing and exporting that leads to the country-


level trade surplus or deficit.: balance of trade


11. firms with a _____ degree of resource similarity are likely to have


similar competitive actions: high


12. a high degree of resource similarity but low market commonality =


_______ intensity of rivalry: highest


13. little resource similarity but high market commonality = _____


intensity of rivalry: lowest


14. mercantilism, absolute advantage and comparative advantage belong


to what theory of international trade: classical


15. theory of international trade that relies on more realistic product life


cycles and first mover advantages: modern




, . C211 OA

Study online at https://quizlet.com/_7t4h5z
16 under free trade, a nation gains by specializing in economic activities in


which it has _____advantage: absolute


17. focuses on the idea that if a country does not have absolute advantage,


they can still choose to specialize in the production of one good where


it has ______ advantage: comparative


18. comparative advantage and absolute advantage stem from: factor


endowments


19. theory that the wealth of the world is fixed and that a nation that


imports more and exports less will be richer: mercantilism


20. stage of the product life cycle where production of a new product that


commands a price premium will concentrate in the US: new

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