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WGU C211 Economics Pre-Assessment Exam 2024 Actual Questions with Verified Answers, 100% Guarantee Pass $13.49   Add to cart

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WGU C211 Economics Pre-Assessment Exam 2024 Actual Questions with Verified Answers, 100% Guarantee Pass

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WGU C211 Economics Pre-Assessment Exam 2024 Actual Questions with Verified Answers, 100% Guarantee Pass

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  • August 21, 2024
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  • WGU C211
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WGU C211 Economics Pre-Assessment.pdf file:///C:/Users/HP/Desktop/NIW/WGU%20C211%20Economics%20




WGU C211 Economics Pre-Assessment



1. What are the weaknesses of the theory of mercantilism? Choose two.

ANS The theory leads to inefficient allocation of resources.


Application of the theory reduces the wealth of the nation in the long run.

2. What is the bandwagon effect?

ANS The movement of investors in the same direc- tion at the same time.

3. A country has seen a decrease in inflation. What is the effect on the coun- try's

currency exchange rate?

ANS It increases.

4. What is one of the three primary types of foreign exchange transactions?-



ANS Spot Transactions

5. Who are the primary and largest participants in the foreign exchange mar- ket?

ANS Large international banks

6. Which company has a natural resource-seeking strategic goal?
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,WGU C211 Economics Pre-Assessment.pdf file:///C:/Users/HP/Desktop/NIW/WGU%20C211%20Economics%20




ANS A company searching for a location where there is an abundance or oil.

7. Which entrant is able to erect significant barriers for other entrants?

ANS First mover

8. Direct exports have which advantage?

ANS Capitalization of economies of scale in production in the home country.

9. What are examples of equity modes of entry? Choose three.

ANS Strategic Al- liances

Greenfields Acquisitions

10. One view of globalization claims that human civilization has always had some type

of globalization. Which view is it?

ANS The long-run historical view

11. The benefit attributed to firms that enter a market before other firms in the same

market segment is best described by which term?

ANS First-moved advantage

12. What is opportunity cost?

ANS The lost potential from pursuing one activity at the expense of another activity, given the

alternatives.

13. What is one of the OLI advantages outlined by John Dunning for why firms become
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