C211 (Global Economics for Managers) COMPETENCY
EXAM QUESTIONS AND ANSWERS WESTERN
GOVERNORS’ UNIVERSITY
, lOMoAR cPSD| 19857451
Competency 1
OLI advantages refer to a firm’s quest for via FDI.
a. outsourcing advantages, licensing advantages, and importing advantages
b. oligopolistic advantages, laissez-faire advantages, and intrafirm trade advantages
c. ownership advantages, location advantages, and internalization advantages
d. organization advantages, leadership advantages, and innovation advantages
The of globalization suggests that globalization is neither recent nor one-directional.
a. colonial view
b. long-run historical view
c. pendulum view
d. new-force view
With regard to foreign market entry, the resource-based view argues that foreign firms need to
a. deploy overwhelming resources and capabilities to offset their liability of foreignness.
b. take actions deemed legitimate and appropriate by the various formal and informal institutions
governing market entries.
c. understands the numerous differences in cultures, norms, and values.
d. be aware of the numerous regulatory risks and trade and investment barriers.
The theory is based on the assumption that the wealth of the world is fixed.
a. product life cycle
b. strategic trade
c. mercantilism
d. national competitive advantage of industries
A clean floating exchange rate policy is a government policy to .
a. link the exchange rate of a currency to the gold standard
b. allow selective government intervention in determining the exchange rate
c. set exchange rates purely on the basis of supply and demand
d. allow a currency’s value to fluctuate according to the foreign exchange rate
The resource-based view of global business differs from the institution-based view of global
business in that the resource-based view .
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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 saraciousstuvia. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.09. You're not tied to anything after your purchase.
