C211 OA EXAM WITH GUARANTEED ACCURATE ANSWERS |VERIFIED
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Course
C211 OA
Institution
C211 OA
View that claims phenomenon of globalization was initially driven by the desire of Western economies to exploit their power through MNE's - Accurate Answernew.
View that claims globalization is a long-run historical evolution since the dawn of humanity. Says it is nothing new and that it will al...
C211 OA EXAM
C211 OA EXAM WITH GUARANTEED ACCURATE ANSWERS |VERIFIED
View that claims phenomenon of globalization was initially driven by the desire of
Western economies to exploit their power through MNE's - Accurate
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 - Accurate
Answer✅✅evolutionary..
View that claims globalization is swinging from one extreme to another from time
to time - Accurate Answer✅✅pendulum.
Investment in, controlling, and managing value-added activities in other countries -
Accurate 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 -
Accurate 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 - Accurate Answer✅✅free market
Views FDI as having pros and cons and only approving FDI when its benefits
outweigh costs - Accurate Answer✅✅pragmatic nationalis
What benefits exist to a country receiving FDI? - Accurate Answer✅✅capital
inflow, technology spillovers, advanced management know-how, creates jobs
What costs exist to a country receiving FDI? - Accurate 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. - Accurate Answer✅✅balance of trade
Firms with a _____ degree of resource similarity are likely to have similar
competitive actions - Accurate Answer✅✅high
A high degree of resource similarity but low market commonality = _______
intensity of rivalry - Accurate Answer✅✅highest
Little resource similarity but high market commonality = _____ intensity of rivalry
- Accurate Answer✅✅lowest
, Mercantilism, absolute advantage and comparative advantage belong to what
theory of international trade - Accurate Answer✅✅classical
Theory of international trade that relies on more realistic product life cycles and
first mover advantages - Accurate Answer✅✅modern
Under free trade, a nation gains by specializing in economic activities in which it
has _____advantage - Accurate 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 - Accurate Answer✅✅comparative
Comparative advantage and absolute advantage stem from - Accurate
Answer✅✅factor endowments
Theory that the wealth of the world is fixed and that a nation that imports more and
exports less will be richer - Accurate Answer✅✅mercantilism
Stage of the product life cycle where production of a new product that commands a
price premium will concentrate in the US - Accurate Answer✅✅new
Stage of the product life cycle where demand and ability to produce grow in other
developed nations - Accurate Answer✅✅maturing
Stage of the product life cycle where the previously new product is commoditized
and production will now move to low-cost developing nations - Accurate
Answer✅✅standardized
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