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C 211 Global Economics for Managers WGU Pre Assessment and Retake all Questions & answers solved accurately with Complete Solution Graded A+ latest version
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C 211 Global Economics for Managers WGU Pre Assessment and Retake all Questions & answers solved accurately with Complete Solution Graded A+ latest version

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  • July 6, 2024
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  • 2023/2024
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C 211 Global Economics for Managers
WGU Pre Assessment and Retake

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.

The _____ of globalization suggests that globalization is neither recent nor one-directional. -
ANSWER-pendulum view

Which of the following is true of semiglobalization? - ANSWER-It is a type of globalization that
lies between total isolation and total globalization.

Globalization can be viewed as: - ANSWER-A new force sweeping through the world in recent
times.
A long-run historical evolution since the dawn of human history.
A pendulum that swings from one extreme to another from time to time.

Name the three views of globalization. - ANSWER-A recent force, a long-running evolution, and
a pendulum

The _____ theory viewed international trade as a zero-sum game. - ANSWER-mercantilism

The _____ principle advocated that governments should actively protect domestic industries
from imports and vigorously promote exports. - ANSWER-protectionism

Which of the following is a modern trade theory? - ANSWER-National competitive advantage

The _____ theory is based on the assumption that the wealth of the world is fixed. -
ANSWER-mercantilism

Import quotas are a type of _____. - ANSWER-tariff barrier

According to the theory of absolute advantage, under free trade, - ANSWER-Each nation gains
by specializing in economic activities in which a nation has absolute advantage.

Which of the following is NOT a nontariff trade barrier (NTB)? - ANSWER-Cultural distance

,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? -
ANSWER-France has a comparative advantage in wine.

Which of the following theories does NOT lead to the conclusion that unrestricted free trade is in
the best interests of all countries? - ANSWER-Strategic trade theory

Free trade is defined as: - ANSWER-The idea that market forces should determine how much to
trade with little or no government intervention.

According to the theory of absolute advantage, under free trade, - ANSWER-each nation gains
by specializing in economic activities in which a nation has absolute advantage.

Which of the following is NOT a nontariff trade barrier (NTB)? - ANSWER-Cultural distance

Protectionism is similar to mercantilism as they both advocated _____. - ANSWER-government
involvement in international trade

OLI advantages refer to a firm's quest for _____via FDI. - ANSWER-ownership advantages,
location advantages, and internalization advantages

MNEs' possession and leveraging of certain valuable, rare, hard-to-imitate, and organizationally
embedded (VRIO) assets overseas in the context of FDI refer to _____. - ANSWER-ownership

Firms prefer FDI to licensing because FDI_____. - ANSWER-provides the firm with direct
ownership to its foreign assets

Which of the following political perspectives maintains the view that FDI has both pros and cons
and can only be approved when its benefits outweigh costs? - ANSWER-Pragmatic nationalism

Which of the following is a benefit of FDI to home countries? - ANSWER-Learning from
operations

Which of the following foreign exchange transactions provide protection to traders and investors
from being exposed to fluctuations of the spot rate? - ANSWER-Forward transactions

_____ is defined as the conversion of one currency into another at Time 1, with an agreement to
revert it back to the original currency at a specific Time 2 in the future. - ANSWER-Currency
swap

Foreign exchange rates are influenced by: - ANSWER-Interest rates and money supply.
Relative price differences and purchasing power parity.

, Supply and demand of the currencies.

A savvy global business manger must understand the following concepts to be considered
literate about foreign exchange: - ANSWER-Understand the factors that influence exchange
rates
Understand the ways to hedge currency risks
Understand the foreign exchange market

Which of the following are the primary types of foreign exchange transactions made by financial
companies? - ANSWER-Swaps, spot transactions, forward transactions

A home appliance manufacturer located in The Netherlands decides to open two new
manufacturing plants, one in Poland and the other in Thailand. Its purpose is to offset currency
losses through: - ANSWER-strategic hedging

Why do managers, at some of the largest global corporations, fail to engage in currency
hedging? - ANSWER-They believe that the protection against fluctuations in exchange rates is
not worth the potentially high cost of currency hedging.

Risk analysis of any country must include an analysis of the country's: - ANSWER-currency
risks

With regard to foreign market entry, the resource-based view argues that foreign firms need to -
ANSWER-deploy overwhelming resources and capabilities to offset their liability of foreignness.

Which of the following is a first-mover advantage? - ANSWER-Avoidance of clash with a
dominant firm at home

Which of the following is an equity mode of entry? - ANSWER-Wholly owned subsidiaries

Which of the following entry modes is a type of strategic alliance? - ANSWER-Licensing

Which of the following is a disadvantage of licensing and franchising? - ANSWER-Little control
over marketing

Miami is an ideal city for both North American firms looking to expand their business to Central
and South America and for Latin American companies to expand their business to North
America. This is an example of a(n): - ANSWER-location-specific advantage.

The following are examples of location-specific advantages: - ANSWER-Industry demand that
creates a skilled labor force.
Industry demand that facilitates a pool of specialized suppliers and buyers.
Knowledge spillovers among closely located firms.

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