WGU C211 GLOBAL BUSINESS (Chp.2) EXAM WITH GUARANTEED ACCURATE ANSWERS
7 views 0 purchase
Course
WGU C211 GLOBAL BUSINESS
Institution
WGU C211 GLOBAL BUSINESS
What are the benefits of trade? - Accurate Answer1- A greater amount of
choice in the availability of
goods and services
2 - Lower prices for goods and services consumed
3 - Higher living standards
What are the benefits of foreign investment? - Accurate Answer- Generates jobs
- creates ...
WGU C211 GLOBAL BUSINESS (Chp.2)
EXAM
WGU C211 GLOBAL BUSINESS (Chp.2) EXAM WITH GUARANTEED ACCURATE
ANSWERS
What are the benefits of trade? - Accurate Answer✅✅1- A greater amount of
choice in the availability of
goods and services
2 - Lower prices for goods and services consumed
3 - Higher living standards
What are the benefits of foreign investment? - Accurate Answer✅✅- Generates
jobs
- creates unity by erasing borders
- brings cultural and technical riches
, - enhances the skills of domestic workers
What are the major international trade theories and what are key features of each
one? - Accurate Answer✅✅-Mercantilism
-Absolute Advantage
- Theory of Comparative Advantage
- Heckscher-Ohlin Theory
- Factor Price Equalization Theory
- Porter's Diamond Model
What is the impact of trade policy on various stakeholders such as businesses,
consumers, and governments? - Accurate Answer✅✅Gov't actions altering free
flow of merch to and from a country
Historically, main instrument has been import tariff (but now, non-tariff barriers
and export subsidies are more prevalent)
What is the rationale for managing trade? - Accurate Answer✅✅Refers to
agreements, sometimes temporary, between countries (or a group of countries) that
aim to achieve certain trade outcomes for the countries involved.
Managed trade aims to replace global market or economic forces with government
actions to determine trade outcomes
Can only gain from trade if it has trade surplus.
More export, less import
"I sold more goods than I bought, so I win."
gold & silver are very important to country wealth
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 $11.99. You're not tied to anything after your purchase.
