WGU C211 GLOBAL ECONOMICS TERMS |VERIFIED |ACTUAL COMPLETE ANSWERS
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Course
WGU C211 GLOBAL ECONOMICS
Institution
WGU C211 GLOBAL ECONOMICS
Foreign Direct Investment (FDI) - Accurate AnswerInvestment in, controlling, and managing value-added activities in other countries.
Mercantilism/Theory of Mercantilism - Accurate AnswerA theory that suggests that the wealth of the world is fixed and that a nation that exports more and imports l...
WGU C211 GLOBAL ECONOMICS
TERMS
WGU C211 GLOBAL ECONOMICS TERMS |VERIFIED |ACTUAL COMPLETE
ANSWERS
Foreign Direct Investment (FDI) - Accurate Answer✅✅Investment in, controlling,
and managing value-added activities in other countries.
Mercantilism/Theory of Mercantilism - Accurate Answer✅✅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 - Accurate Answer✅✅Government policy that provides
companies a strategic advantage in international trade through subsidies and other
supports.
Transaction Risk - Accurate Answer✅✅It's the exchange rate risk associated with
the time delay between entering into a contract and settling it.
, Cognitive Pillar - Accurate Answer✅✅The internalized (or taken-forgranted)
values and beliefs that guide individual and firm behavior.
Normative Pillar - Accurate Answer✅✅The mechanism through which norms
influence individual and firm behavior.
Regulatory Pillar - Accurate Answer✅✅The coercive power of Governments.
Democracy - Accurate Answer✅✅A political system in which citizens elect
representatives to govern the country on their behalf.
Totalitarianism - Accurate Answer✅✅A political system in which one person or
party exercises absolute political control over the population.
Civil Law - Accurate Answer✅✅A legal tradition that uses comprehensive
statutes and codes as a primary means to form legal judgements.
Common Law - Accurate Answer✅✅A legal tradition that is shaped by precedents
and traditions from previous judicial decisions.
Theocratic Law - Accurate Answer✅✅A legal system based on religious
teachings.
Property Rights - Accurate Answer✅✅The ability of an individual to own and
exercise control over scarce resources.
Property Rights (2) - Accurate Answer✅✅The legal rights to use an economic
property (resource) and to derive income and benefits from it.
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