Exam (elaborations)
WGU C211 GLOBAL ECONOMICS FOR MANAGERS 2024 WITH COMPLETE SOLUTION
WGU C211 GLOBAL ECONOMICS FOR MANAGERS 2024 WITH COMPLETE SOLUTION
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WGU C211 GLOBAL ECONOMICS FORMANAGERS 2024 WITH COMPLETE
SOLUTION
Which view claims that the phenomenon of globalization was initially driven by the desire of
Western economies to exploit their power through multinational enterprises? - ANSWER-The
new force view
Economic gains come from international trade because one country's exported goods, services
or other items are unique, valuable, and difficult to duplicate to importing country -
ANSWER-Resource-based view
What is the aggregation of importing and exporting that leads to the country-level trade surplus
or deficit? - ANSWER-Balance of Trade
What is a cost of foreign direct investment? - ANSWER-Developing countries may be exploited
by multinational enterprises (MNE)
Which type of managerial capability is both challenging and difficult to imitate? -
ANSWER-Intangible capability
What may precious, rare and hard to duplicate resources and capabilities lead to for a firm? -
ANSWER-Sustained comparative advantage
Which theory of international trade states that poor countries often experience faster rates of
economic growth compared to wealthy countries? - ANSWER-The catch-up effect
What is the financial environment in which exchange rates and payments for goods and
services are conducted? - ANSWER-Commodity Exchange
What happens to a country's real exchange rates and nominal interest rate as the price level
increases, assuming all other factors are unchanged? - ANSWER-Exchange rates depreciate,
interest rates increase
What is the easiest method non-financial companies use to handle currency fluctuations? -
ANSWER-Commodity Trading
, Which strategy minimizes the risk for unanticipated changes in future exchange rates? -
ANSWER-Currency Swap
A company is looking for a location with an abundance of ground breaking individuals, firms and
universities. Which type of strategic goal is this company demonstrating? -
ANSWER-Innovation-seeking
What advantage comes with not sharing benefits with late entrants? - ANSWER-First-mover
advantage
Which entry mode is a non-equity arrangement for a company contemplating entry into a foreign
market? - ANSWER-Licensing
What size commitment is required for a non-equity mode of entry into a foreign market? -
ANSWER-Small commitment
What are two supportive pillars for an informal institution? - ANSWER-Normative and Cognitive
What is the key role of an institution, according to the institution-based view? - ANSWER-To
reduce uncertainty
What are the rules, enforcement mechanisms, and organizations that support market
transactions? - ANSWER-Institutions
What is a core proposition underpinning an institutional based view of global business? -
ANSWER-Bounded Rationality
In which type of political system do citizens elect representatives to govern the country on their
behalf? - ANSWER-Democracy
Which legal system uses comprehensive lists of rules and written codes? - ANSWER-Civil Law
What are the legal privileges associated with the use of economic property to obtain income and
other benefits from its use? - ANSWER-Property Rights
What is the purpose of having property rights and intellectual property rights? - ANSWER-To
legally protect the use of tangible and intangible property and allow its lawful owner to derive
income and other benefits from it
What are two popular types of economies? - ANSWER-Mixed and Market
In addition to encouraging efficiency, why might a government intervene in a market? -
ANSWER-To increase profits
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