wgu c211 global economics Questions and Correct Answer
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Course
Wgu c211
Institution
Wgu C211
when firms and directly coordinate actions by signaling their intentions often and
attempt to reduce output and maintain pricing above competitive levels, they are
engaging in
~~ tactic collusion
the following is not one of the factors that make an industry particularly conducive to
collusi...
what is the easiest method non-financial companies used to handle currency
fluctuations
✓✓~~ currency diversification
which strategy minimizes the risk of unanticipated changes in future exchange rates
✓✓~~ currency swap
,which country is looking for a location with an abundance of groundbreaking
individuals firms and universities which type of strategic goal is the company
demonstrating
✓✓~~ Innovation seeking
which advantage comes from not sharing benefits with late entrants
✓✓~~ first-mover advantage
which entry mode is a non-equity arrangement for company contemplating entry into
a foreign market
✓✓~~ licensing
what size commitment is required for a non Equity mode of entry into a foreign
market
✓✓~~ small commitment
what are two supported pillars for an informal Institution
✓✓~~ cognitive and normative
what is the key role of an institution according to the institution based View
✓✓~~ to reduce uncertainty
, what are the rules enforcement mechanisms and organizations that support Market
transactions
✓✓~~ institutions
what is the core proposition under pining at institution-based view of global business
✓✓~~ bounded rationality
in which type of political system do citizens elect representatives to govern the
country on their behalf
✓✓~~ democracy
which legal system uses comprehensive list of rules and written codes
✓✓~~ civil law
what are the legal privileges associated with the use of economic property to obtain
income and other benefits from its use
✓✓~~ property rights
what is the purpose of having property rights and intellectual property rights
✓✓~~ to legally protect the use of tangible and intangible property and allow its lawful owner
to derive income and other benefits from it
what are the two polar types of economies
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