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WGU C211 - Global Economics for Managers Questions and Correct Answers & Latest Updated $10.69   Add to cart

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

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  • Course
  • WGU C211
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  • 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 :##...

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  • August 25, 2024
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  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • WGU C211
  • WGU C211
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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

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