C211 OA EXAM WITH GUARANTEED ACCURATE ANSWERS |VERIFIED
4 views 0 purchase
Course
C211 OA
Institution
C211 OA
View that claims phenomenon of globalization was initially driven by the desire of Western economies to exploit their power through MNE's - Accurate Answernew.
View that claims globalization is a long-run historical evolution since the dawn of humanity. Says it is nothing new and that it will al...
C211 OA EXAM
C211 OA EXAM WITH GUARANTEED ACCURATE ANSWERS |VERIFIED
View that claims phenomenon of globalization was initially driven by the desire of
Western economies to exploit their power through MNE's - Accurate
Answer✅✅new.
View that claims globalization is a long-run historical evolution since the dawn of
humanity. Says it is nothing new and that it will always exist - Accurate
Answer✅✅evolutionary..
View that claims globalization is swinging from one extreme to another from time
to time - Accurate Answer✅✅pendulum.
Investment in, controlling, and managing value-added activities in other countries -
Accurate Answer✅✅foreign direct investment.
,Political view hostile to FDI. Believes it is an instrument of imperialism and
vehicle for exploitation of domestic resources by foreign capitalists and firms -
Accurate Answer✅✅radical
Suggests that FDI, unrestricted by government intervention, will enable countries
to tap into their absolute or comparative advantages by specializing in the
production of certain goods and services - Accurate Answer✅✅free market
Views FDI as having pros and cons and only approving FDI when its benefits
outweigh costs - Accurate Answer✅✅pragmatic nationalis
What benefits exist to a country receiving FDI? - Accurate Answer✅✅capital
inflow, technology spillovers, advanced management know-how, creates jobs
What costs exist to a country receiving FDI? - Accurate Answer✅✅loss of
sovereignty, adverse effects on competition, net outflow in the capital account
The aggregation of importing and exporting that leads to the country-level trade
surplus or deficit. - Accurate Answer✅✅balance of trade
Firms with a _____ degree of resource similarity are likely to have similar
competitive actions - Accurate Answer✅✅high
A high degree of resource similarity but low market commonality = _______
intensity of rivalry - Accurate Answer✅✅highest
Little resource similarity but high market commonality = _____ intensity of rivalry
- Accurate Answer✅✅lowest
, Mercantilism, absolute advantage and comparative advantage belong to what
theory of international trade - Accurate Answer✅✅classical
Theory of international trade that relies on more realistic product life cycles and
first mover advantages - Accurate Answer✅✅modern
Under free trade, a nation gains by specializing in economic activities in which it
has _____advantage - Accurate Answer✅✅absolute
Focuses on the idea that if a country does not have absolute advantage, they can
still choose to specialize in the production of one good where it has ______
advantage - Accurate Answer✅✅comparative
Comparative advantage and absolute advantage stem from - Accurate
Answer✅✅factor endowments
Theory that the wealth of the world is fixed and that a nation that imports more and
exports less will be richer - Accurate Answer✅✅mercantilism
Stage of the product life cycle where production of a new product that commands a
price premium will concentrate in the US - Accurate Answer✅✅new
Stage of the product life cycle where demand and ability to produce grow in other
developed nations - Accurate Answer✅✅maturing
Stage of the product life cycle where the previously new product is commoditized
and production will now move to low-cost developing nations - Accurate
Answer✅✅standardized
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 GRADEUNITS. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.49. You're not tied to anything after your purchase.
