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C 211 Global Economics for Managers WGU Pre Assessment and Retake Sections if you failed the OA.
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C 211 Global Economics for Managers WGU Pre Assessment and Retake Sections if you failed the OA.
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C 211 Global Economics for ManagersWGU Pre Assessment and Retake
Sections if you failed the OA.
The resource-based view of global business differs from the institution-based
view of global business in that the resource-based view _____. - Answer focuses
on the internal strengths on the firm
Which of the following is true of globalization according to the "pendulum view"
perspective? - Answer Globalization is a not a one-directional phenomenon.
Globalization can be viewed as:
a. A new force sweeping through the world in recent times.
b. A long-run historical evolution since the dawn of human history.
c. A pendulum that swings from one extreme to another from time to time.
d. All of these answers. - Answer All of these answers
Globalization can be viewed as:
a. all of these
b. a new force sweeping through the world in recent times.
c. a pendulum that swings from one extreme to another from time to time.
d. a long-run historical evolution since the dawn of human history. - Answer All of
these
According to the theory of absolute advantage, under free trade,
a. Each nation gains by specializing in economic activities in which a nation has
absolute advantage.
,b. No country has an absolute advantage in economic activities.
c. Each nation loses by specializing in economic activities in which a nation has
absolute advantage.
d. Every country has an absolute advantage in a certain economic activity. -
Answer Each nation gains by specializing in economic activities in which a nation
has absolute advantage.
Chile requires 50 units of resource to produce one ton of wine and 20 units of
resource to produce one ton of blueberries. France requires 30 units of resource
to produce one ton of wine and 40 units of resource to produce one ton of
blueberries. Which of the following is true?
a. Chile has a comparative advantage in wine.
b. France has a comparative advantage in blueberries.
c. There is no reason for Chile and France to trade.
d. France has a comparative advantage in wine. - Answer France has a
comparative advantage in wine.
Free trade is defined as:
a. The idea that market forces should determine how much to trade with little or
no government intervention.
b. The exchange of goods and services for similar goods or services rather than
currency.
c. The absence of laws, tariffs, or any other types of barriers to trade.
d. The economic advantage one nation enjoys by trading with other nations. -
Answer The idea that market forces should determine how much to trade with
little or no government intervention.
Which of the following is NOT a nontariff trade barrier (NTB)?
a. Local content requirements
,b. Cultural distance
c. Import quotas - Answer Cultural distance
Protectionism is similar to mercantilism as they both advocated _____.
a.
dividing the nations of the world into three categories based on its innovation
capabilities
b.
government involvement in international trade
c.
developing comparative advantages based on a nation's locally abundant factors
d.
specializing in economic activities in which a nation can have an absolute
advantage - Answer government involvement in international trade
The _____ principle advocated that governments should actively protect domestic
industries from imports and vigorously promote exports.
a.
comparative advantage
b.
absolute advantage
c.
factor endowment
d.
protectionism - Answer protectionism
, The _____ theory is based on the assumption that the wealth of the world is
fixed.
a.
product life cycle
b.
mercantilism
c.
strategic trade
d.
national competitive advantage of industries - Answer mercantilism
OLI advantages refer to a firm's quest for _____via FDI.
a.
organization advantages, leadership advantages, and innovation advantages
b.
oligopolistic advantages, laissez-faire advantages, and intrafirm trade advantages
c.
ownership advantages, location advantages, and internalization advantages
d.
outsourcing advantages, licensing advantages, and importing advantages -
Answer ownership advantages, location advantages, and internalization
advantages
Firms prefer FDI to licensing because FDI_____.
a.
increases the chances of opportunism when dealing with a host nation entity
b.
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