100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
WGU C211 - Global Economics for Managers Questions and Correct Answers & Latest Updated $10.69   Add to cart

Exam (elaborations)

WGU C211 - Global Economics for Managers Questions and Correct Answers & Latest Updated

 13 views  0 purchase
  • Course
  • WGU C211
  • Institution
  • WGU C211

Views on Globalization o :## New, Evolutionary, and Pendulum "New" view on globalization o :## A force sweeping through the world in recent times. "Evolutionary" view on globalization o :## A long-run historical evolution since the dawn of human history "Pendulum" view on globalization o :##...

[Show more]

Preview 3 out of 22  pages

  • August 25, 2024
  • 22
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • WGU C211
  • WGU C211
avatar-seller
ExamArsenal
1|Page: 2024/2025 Grade A+




WGU C211 - Global Economics for Managers
Questions and Correct Answers & Latest
Updated
Views on Globalization


o :## New, Evolutionary, and Pendulum



"New" view on globalization


o :## A force sweeping through the world in recent times.



"Evolutionary" view on globalization


o :## A long-run historical evolution since the dawn of human history



"Pendulum" view on globalization


o :## One that swings from one extreme to another from time to time



Foreign Direct Investment


o :## Direct investment in, control, and management of value-added activities in other
countries



Political views on FDI


o :## Radical View, Free Market View, Pragmatic Nationalism



Benefits to a country receiving FDI




Master01: DO NOT COPY AND PASTE!! August 25, 2024 Latest Update

,2|Page: 2024/2025 Grade A+

o :## Capital Inflow, Technology Spillover, Advanced Management Know-How, Job creation



Costs to a country receiving FDI


o :## Loss of Sovereignty, Adverse effects on competition,
Capital outflow.




How do resources and capabilities influence the competitive dynamics of a business?


o :## Resource similarity and market commonality can yield a powerful framework for
competitor analysis.



Resource similarity


o :## The extent to which a given competitor possesses strategic endowment comparable, in
terms of both type and amount, to those of the focal firm.



How does resource similarity impact competitive dynamics?


o :## Firms with a high degree are likely to have similar competitive actions. (Starbuck's instant
coffee & McDonald's iced coffee)



Classical theories of international trade


o :## Mercantilism, Absolute advantage, and Comparative advantage



Modern theory view


o :## Dynamic



Classical theory view




Master01: DO NOT COPY AND PASTE!! August 25, 2024 Latest Update

, 3|Page: 2024/2025 Grade A+

o :## Static



Absolute advantage


o :## The economic advantage one nation enjoys that is superior to other nations



Comparative advantage


o :## The advantage one economic activity nation enjoys in comparison with other nations
(relative, not absolute)



Mercantilism


o :## 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.



Features of the product life cycle?


o :## New, Maturing, and Standardized



Strategic trade


o :## Intervention by governments in certain industries can enhance their odds for
international success.



How are supply and demand related to the exchange rate of a country?


o :## The price of a commodity, a country's currency, is fundamentally determined by this.
Strong demand leads to price hikes; oversupply results in price drops.



Which theory came first?


o :## Mercantilism (although both are of the idea that governments should actively protect
domestic industries from imports and vigorously promote exports)



Master01: DO NOT COPY AND PASTE!! August 25, 2024 Latest Update

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller ExamArsenal. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $10.69. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

67866 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$10.69
  • (0)
  Add to cart