Wgu c211 global econ Study guides, Class notes & Summaries

WGU C211 Global Economics for Managers Test Bank |300+ Questions and Verified Answers| 100% Correct (Latest 2023/ 2024) Q: Economic profit is distinct from accounting profit because: Answer: Economic profit incorporates both explicit and implicit costs. Q: Total costs include: Answer: Variable costs plus fixed costs. Q: Marginal costs consider: Answer: The increase in total cost arising from an extra unit of production. Q: What response...

WGU C211 Global Economics for Managers Complete Vocabulary| Questions and Verified Answers| 100% Correct (Latest 2023/ 2024) Q: What is resource similarity and how does this impact competitive dynamics? Answer: companies with high resource similarity and low market commonality will find themselves in regular adversarial interactions. Q: What is Classical Theory of International Trade Answer: Mercantilism: A zero-sum game theory that argues countries get richer when they sel...

WGU C211 Global Economics for Managers Final Exam Study Guide (100%Correct Elaborations) Updated 2024. Views on Globaliza on - correct answer New, Evolu onary, and Pendulum "New" view on globaliza on - correct answer A force sweeping through the world in recent mes. "Evolu onary" view on globaliza on - correct answer A long-run historical evolu on since the dawn of human history "Pendulum" view on globaliza on - correct answer One that swings from one extreme to another from me to ...

WGU C211 OA Global Economics Exam /C211 Global Economics FINAL EXAM 2023-2024 Verified Answers

WGU C211 Global Economics for Managers Complete Terms| Questions and Verified Answers| 100% Correct (New 2023/ 2024 Update) QUESTION What is Scenario Planning Answer: A technique to prepare and plan for multiple scenarios (either high or low risk). QUESTION What is Semi-globalization Answer: A perspective that suggests that barriers to market integration at borders are high, but not high enough to insulate countries from each other completely. QUESTION ...

WGU C211 Global Economics for Managers Exam | Questions and Verified Answers| 100% Correct (New 2023/ 2024 Update) Grade A QUESTION What is a property right? Answer: The legal rights to use an economic property (resource) and to derive income and benefits from it. QUESTION What is an intellectual property right? Answer: Rights associated with the ownership of intellectual property. QUESTION command economy Answer: An economy that is characterized ...

Views on Globalization - ️️New, Evolutionary, and Pendulum "New" view on globalization - ️️A force sweeping through the world in recent times. "Evolutionary" view on globalization - ️️A long-run historical evolution since the dawn of human history "Pendulum" view on globalization - ️️One that swings from one extreme to another from time to time Foreign Direct Investment - ️️Direct investment in, control, and management of value-added activities in other countries...

WGU C211 Global Economics for Managers Quiz Bank |More than 300 Questions and Verified Answers| 100% Correct (Latest 2023/ 2024) QUESTION Monopolistic competition is characterized by: Answer: Ease of market entry and exit. QUESTION An incentive to advertise exists for monopolistically competitive firms because: Answer: The products they sell are differentiated. QUESTION Monopolistic competition is characterized by: Answer: Many firm...

WGU C211 Global Econ Study Guide & Cohort Questions and Answers (2023/2024) (Verified Answers)

1. What is Foreign Direct Investment ANS is direct investment in, control, and man- agement of value-added activities in other countries. 2. What different political views exist on FDI ANS Radical, Free Market, and Pragra- matic Nationalism 3. What benefits exist to a country receiving FDI ANS Capital inflow, Technology, management, job creation 4. What costs exist to a country receiving FDI ANS Loss of sovereignty, adverse effects on competition, and capital outflow 5. How do resources ...