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WGU C211 - Global Economics for Managers - PA Review all Questions & answers solved accurately with Complete Solution Graded A+ latest version
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WGU C211 - Global Economics for Managers - PA Review 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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  • wgu c211 global economics for managers pa revi

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WGU C211 - Global Economics for
Managers - PA Review


What is one of the elements of the Porter Diamond in the theory of national competitive
advantage of industries? - answerDomestic Demand Conditions

What is the bandwagon effect? - answerThe movement of investors in the same
direction at the same time

A country has seen a decrease in inflation. What is the effect on the country's currency
exchange rate? - answerIt increases.

What is one of the three primary types of foreign exchange transactions? - answerSpot
transactions

Who are the primary and largest participants in the foreign exchange market? -
answerLarge international banks

Which company has a natural resource-seeking strategic goal? - answerA company
searching for a location where there is an abundance of oil

Which entrant is able to erect significant barriers for other entrants? - answerFirst mover

Direct exports have which advantage? - answerCapitalization of economies of scale in
production in the home country

Which mode of entry is a non-equity mode? - answerR&D contracts

One view of globalization claims that human civilization has always had some type of
globalization. Which view is it? - answerThe long-run historical view

The benefit attributed to firms that enter a market before other firms in the same market
segment is best described by which term? - answerFirst-mover advantage

What is opportunity cost? - answerThe lost potential from pursuing one activity at the
expense of another activity, given the alternatives

, What are costs to home countries of foreign direct investment? Choose two. -
answerCapital outflow / job loss

Which strategy for responding to MNEs is appropriate in a situation in which there is low
industry pressure to globalize, and competitive assets are customized to home
markets? - answerDefender strategy

What is one of the factors that is used to predict the rivalry between a pair of
competitors? - answerResource similarity

Which pillar of formal institutions represents the coercive power of governments? -
answerRegulatory

What are represented by formal institutions? - answerLaws

What is the necessity of making sensible decisions in the absence of complete
information? - answerBounded rationality

Managers and firms rationally pursue their interests and make choices within
institutional constraints. This is one of the two core propositions underpinning an
institution-based view of global business. Which situation illustrates this proposition? -
answerWhen the minimum wage increases in a country, a major multinational moves
most of its production to another country because the cost of labor is substantially lower.

Which type of economic system allows businesses to be privately owned with a strong
individualistic profit orientation? - answerCapitalism

What is a characteristic of common law as compared to civil law? - answerCommon law
is more reliant on precedents.

Which protection of intellectual property is used for the design of a logo? -
answerTrademark

What are examples of intellectual property? Choose two. - answerA patent / a
trademark

What is a characteristic of a market economy? - answerIt involves the government in a
hands-off level approach known as laissez-faire.

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