Theory of mercantilism - Study guides, Class notes & Summaries

WGU C211 OA Global Economics for Managers Test – With Complete Solutions (Graded A+) WGU C211 OA Global Economics for Managers Test – With Complete Solutions (Graded A+) view that claims phenomenon of globalization was initially driven by the desire of Western economies to exploit their power through MNE's - 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 - ANSWER - evolutio...

Globalization 3.0 - Answer-"The Age of Pax Americana" 1945-where we are now Technology has drastically changed, we are living in the age of the internet, information easily accessible Acceleration of travel and tourism Individuals now have the power in their hands that only corporations had access to previously "It became a flat world" Globalization 2.0 - Answer-Spans from 1800-WWII "The Age of Pax Britannica" The world is further changing and becoming more interconnected Global ...

WGU C211 Global Economics for Managers Final Exam | Questions and Verified Answers| 100% Correct (Latest 2023/ 2024) Grade A Q: What are the critical features of the product life cycle? Answer: An economic theory that accounts for changes in the patterns of trade over time Q: How would you describe strategic trade? Answer: A theory that suggests that strategic intervention by governments in certain industries can enhance their odds for international success Q: How ar...

Test Bank for Cohn Global Political Economy Theory and Practice 7th EditionChapter 1 Introduction Multiple Choice 1) Theorists who define globalization primarily as an economic phenomenon with little effect on the primacy of states are a) moderate globalists. b) hyperglobalists. c) internationalists. d) liberal economists. Answer: c; Page 7 2) Theorists who emphasize the fact that international relations is a “self- help” system are most often a) historical materialists. b) liberals. c...

The term "emerging economies" has replaced the term _____. - Correct answerDeveloping countries The gross domestic product plus the income from non-resident sources abroad gives the ____. - Correct answer-gross national product More than 25% of global GDP comes from _____. - Correct answer-BRICS countries Viewing the global economy as a pyramid, the Triad refers to _____. - Correct answerNorth America, Western Europe, and Japan People who earn _____ a year comprise the base of the global ...

WGU C211 EXAM LATEST 2022-2023 EXAM 300 REAL EXAM QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS)|AGRADE Which two phrases represent the views of globalization? Choose two answers. - ANSWER- - A pendulum that swings from one extreme to another. - A competition among key financial centers and markets. What are two trade barriers? - ANSWER- - Nontariffs - Tarriffs What is the effect of tariff on a particular product for the country imposing the tariff? - ANSWER- Increases domesti...

AGB 302 QUIZ 3 LATEST UPDATE GRADED A Free Trade refers to a situation where a government does not attempt to influence through quotas or duties what its citizens can buy from another country New trade theory Stresses that in some cases countries specialize in the production and export of particular products because the world market can support only a limited number of firms Mercantilism supports the idea that countries should export more than what they import adam smith argued that countries...

The resource-based view of global business differs from the institution-based view of global business in that the resource-based view _____. - Answer-focuses on the internal strengths on the firm Which of the following is true of globalization according to the "pendulum view" perspective? - Answer-Globalization is a not a one-directional phenomenon. The _____ of globalization suggests that globalization is neither recent nor one-directional. - Answer-pendulum view Which of the followi...

Mercantilism - Correct Answer the theory that a country should sell more goods to other countries than it buys;colonies exist for the benefit of mother country Navigation Laws of 1660 and 1663 - Correct Answer 1660: ships' crews had to be 3/4 English, and "enumerated" products not produced by the mother country, such as tobacco, cotton, and sugar were to be shipped from the colonies only to England or other English colonies

International Business and Trade Final Actual Exam Questions and CORRECT Answers a theory of international business that became popular in the late seventeenth and early eighteenth centuries in western europe. - CORRECT ANSWER- theory of mercantilism this theory was based on the notion that governments (not individuals deemed untrustworthy) should become involved in the transfer of goods between nations to increase wealth. - CORRECT ANSWER- theory of mercantilism