Wgu C211 Questions With 100% Correct Answers

view that claims phenomenon of globalization was initially driven by the desire of Western economies to exploit their power through MNE's - Answer-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 - Answer-evolutionary view that claims globalization is swinging from one extreme to another from time to time - Answerpendulum investment in, controlling, and managing value-added activities in other countries - Answer-foreign direct investment political view hostile to FDI. believes it is an instrument of imperialism and vehicle for exploitation of domestic resources by foreign capitalists and firms - Answer-radical 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 - Answer-free market views FDI as having pros and cons and only approving FDI when its benefits outweigh costs - Answerpragmatic nationalis what benefits exist to a country receiving FDI? - Answer-capital inflow, technology spillovers, advanced management know-how, creates jobs what costs exist to a country receiving FDI? - Answer-loss of sovereignty, adverse effects on competition, net outflow in the capital account The aggregation of importing and exporting that leads to the country-level trade surplus or deficit. - Answer-balance of trade firms with a _____ degree of resource similarity are likely to have similar competitive actions - Answer-higha high degree of resource similarity but low market commonality = _______ intensity of rivalry - Answer-highest little resource similarity but high market commonality = _____ intensity of rivalry - Answer-lowest mercantilism, absolute advantage and comparative advantage belong to what theory of international trade - Answer-classical theory of international trade that relies on more realistic product life cycles and first mover advantages - Answer-modern under free trade, a nation gains by specializing in economic activities in which it has _____advantage - Answer-absolute 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 - Answer-comparative comparative advantage and absolute advantage stem from - Answer-factor endowments