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WGU C211 Global Economics for Managers Exam question with solutions $14.99   Add to cart

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WGU C211 Global Economics for Managers Exam question with solutions

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WGU C211 Global Economics for Managers EXAM

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  • December 6, 2023
  • 11
  • 2023/2024
  • Exam (elaborations)
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WGU C211 Global Economics for
Managers




Views on Globalization - answerNew, Evolutionary, and Pendulum

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

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

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

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

Political views on FDI - answerRadical View, Free Market View, Pragmatic Nationalism

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

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

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

Resource similarity - answerThe 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? - answerFirms with a high
degree are likely to have similar competitive actions. (Starbuck's instant coffee &
McDonald's iced coffee)

Classical theories of international trade - answerMercantilism, Absolute advantage, and
Comparative advantage

Modern theory view - answerDynamic

Classical theory view - answerStatic

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

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

Mercantilism - answerA 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? - answerNew, Maturing, and Standardized

Strategic trade - answerIntervention 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? - answerThe
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? - answerMercantilism (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? - answerForward transactions, an act know as
currency hedging.

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

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

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

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