PRE-ASSESSMENT: GLOBAL
ECONOMICS FOR MANAGERS (UZC2).
WGU C211. Correct Answers Only.
Which view claims that the phenomenon of globalization was initially driven by the desire of
Western economies to exploit their power through multinational enterprises? - ANSThe
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 the importing countries -
ANSResource-based view
What is the aggregation of importing and exporting that leads to the country-level trade surplus
or deficit? - ANSBalance of trade
What is a cost of foreign direct investment? - ANSDeveloping countries may be exploited by
multinational enterprises (MNE).
What may precious, rare, and hard-to-duplicate resources and capabilities lead to for a firm? -
ANSSustained comparative advantage
Which theory states that patterns of international trade change across new, maturing, and
standardized stages? - ANSProduct life cycle theory
What is the financial environment in which exchange rates and payments for goods and
services are conducted? - ANSInternational monetary system
What happens to a country's real exchange rate and nominal interest rate as the price level
increases, assuming all other factors are unchanged? - ANSExchange rates fall and interest
rates rise.
What is the easiest method nonfinancial companies use to handle currency fluctuations? -
ANSCurrency diversification
Which strategy minimizes the risk of unanticipated changes in future exchange rates? -
ANSCurrency swap
A company is looking for a location with an abundance of ground-breaking individuals, firms,
and universities.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Ashley96. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.99. You're not tied to anything after your purchase.
