(GLOBAL ECONOMICS FOR MANAGERS) WGU C211 Q&A 2023/2024 LATEST

(GLOBAL ECONOMICS FOR MANAGERS) WGU C211 Q&A 2023/2024 LATEST The term "emerging economies" has replaced the term - CORRECT ANSWERdeveloping countries The gross domestic product plus the income from non-resident sources abroad gives the - CORRECT ANSWER-gross national product Which of the following countries would be characterized as an emerging economy? - CORRECT ANSWER-Brazil More than 25% of global GDP comes from - CORRECT ANSWER-BRICS countries Viewing the global economy as a pyramid, the Triad refers to - CORRECT ANSWERNorth America, Western Europe, and Japan People who earn _____ a year comprise the base of the global economic pyramid. - CORRECT ANSWER-less than $2,000 Which of the following would be an example of a top down innovation? - CORRECT ANSWER-Lowering prices and features of existing products to meet emerging market needs Which of the following is true of the Group of 20 (G-20) - CORRECT ANSWER-It only has 19 member countries. Which of the following does the institution-based view of global business lay emphasis on? - CORRECT ANSWER-Understanding the laws and values of the firm's host nation The resource-based view of global business differs from the institution-based view of global business in that the resource-based view _____ - CORRECT ANSWER-focuses on the internal strengths on the firm The liability of foreignness is the inherent disadvantage faced by _____ - CORRECT ANSWER-foreign firms in host nations due to their non-native status Which of the following is true of globalization according to the "new force" perspective? - CORRECT ANSWER-It is a western ideology focused on exploiting and dominating the world through MNEs The concept of _____ suggests that barriers to market integration at borders are high, but not high enough to completely insulate countries from each other - CORRECT ANSWER-semiglobalization The strategy of treating each country as a unique market and in total isolation is referred to as _____ - CORRECT ANSWER-localization MNEs from the Triad dominate the list of the 500 largest MNEs; their share has been _____ - CORRECT ANSWER-shrinking The term "emerging economies" has replaced the term _____ - CORRECT ANSWERdeveloping countries A conversion that determines the equivalent amount of goods and services that different currencies can buy is known as _____ - CORRECT ANSWER-purchasing power parity Which of the following countries would be characterized as an emerging economy? - CORRECT ANSWER-Brazil More than 25% of global GDP comes from _____ - CORRECT ANSWER-BRICS countries Which of the following countries is represented in the Triad of the global economic pyramid? - CORRECT ANSWER-Japan People who earn _____ a year comprise the base of the global economic pyramid. - CORRECT ANSWER-less than $2,000 A _____ is defined as an innovation that is adopted first in emerging economies and then diffused around the world - CORRECT ANSWER-reverse innovation Which of the following is true of the Group of 20 (G-20) - CORRECT ANSWER-It only has 19 member countries The _____ view suggests that the success and failure of firms are largely determined by their environments - CORRECT ANSWER-institution-based The _____ view of global business focuses on internal factors that can help a firm overcome its external environment - CORRECT ANSWER-resource-based