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WGU C211 - Global Economics for Managers all Questions & answers solved accurately with Complete Solution Graded A+ latest version CA$11.51   Add to cart
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WGU C211 - Global Economics for Managers all Questions & answers solved accurately with Complete Solution Graded A+ latest version
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WGU C211 - Global Economics for Managers all Questions & answers solved accurately with Complete Solution Graded A+ latest version

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  • July 6, 2024
  • 11
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

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  • wgu c211 global economics for managers all quest

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WGU C211 - Global Economics for
Managers

Views on Globalization - ANSWER-New, Evolutionary, and Pendulum

"New" view on globalization - ANSWER-A force sweeping through the world in recent times.

"Evolutionary" view on globalization - ANSWER-A long-run historical evolution since the dawn of
human history

"Pendulum" view on globalization - ANSWER-One that swings from one extreme to another
from time to time

Foreign Direct Investment - ANSWER-Direct investment in, control, and management of
value-added activities in other countries

Political views on FDI - ANSWER-Radical View, Free Market View, Pragmatic Nationalism

Benefits to a country receiving FDI - ANSWER-Capital Inflow, Technology Spillover, Advanced
Management Know-How, Job creation

Costs to a country receiving FDI - ANSWER-Loss of Sovereignty, Adverse effects on
competition,
Capital outflow.

How do resources and capabilities influence the competitive dynamics of a business? -
ANSWER-Resource similarity and market commonality can yield a powerful framework for
competitor analysis.

Resource similarity - ANSWER-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? - ANSWER-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 - ANSWER-Mercantilism, Absolute advantage, and
Comparative advantage

Modern theory view - ANSWER-Dynamic

, Classical theory view - ANSWER-Static

Absolute advantage - ANSWER-The economic advantage one nation enjoys that is superior to
other nations

Comparative advantage - ANSWER-The advantage one economic activity nation enjoys in
comparison with other nations (relative, not absolute)

Mercantilism - ANSWER-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? - ANSWER-New, Maturing, and Standardized

Strategic trade - ANSWER-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? - ANSWER-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? - ANSWER-Mercantilism (although both are of the idea that
governments should actively protect domestic industries from imports and vigorously promote
exports)

If a company seeks to limit foreign exchange rate exposure in the forward direction, what is the
most effective way to do this? - ANSWER-Forward transactions, an act know as currency
hedging.

Transaction risk - ANSWER-The exchange rate risk associated with the time delay between
entering into a contract and settling it.

Hedging - ANSWER-A transaction, such as forward transactions, that protects traders and
investors from exposure to the fluctuations of the spot rate.

Currency hedging - ANSWER-A way to protect traders and investors from being exposed to the
fluctuations of the spot rate

Strategic hedging - ANSWER-A means of spreading out activities in different currency zones in
order to offset the currency losses in certain regions through gains in other regions (currency
diversification)

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