WGU C211 OA Quizzes Questions and Answers/ 100% Correct/ A+ Graded (2023/2024)
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WGU C211 – Global Economics for Managers
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WGU C211 – Global Economics For Managers
WGU C211 OA Quizzes Questions and Answers/ 100% Correct/ A+ Graded (2023/2024)
The term "emerging economies" has replaced the term _____.
Developing countries
The gross domestic product plus the income from non-resident sources abroad gives the ____.
gross national product
More than 25...
WGU C211 OA Quizzes Questions and
Answers/ 100% Correct/ A+ Graded
(2023/2024)
The term "emerging economies" has replaced the term _____.
Developing countries
The gross domestic product plus the income from non-resident sources abroad gives the ____.
gross national product
More than 25% of global GDP comes from _____.
BRICS countries
Viewing the global economy as a pyramid, the Triad refers to _____.
North America, Western Europe, and Japan
People who earn _____ a year comprise the base of the global economic pyramid.
less than $2,000
Which of the following would be an example of a top down innovation?
Lowering prices and features of existing products to meet emerging market needs
Which of the following is true of the Group of 20 (G-20)?
It only has 19 member countries.
Which of the following does the institution-based view of global business lay emphasis on?
Understanding the laws and values of the firm's host nation.
The resource-based view of global business differs from the institution-based view of global business
in that the resource-based view _____.
focuses on the internal strengths on the firm
The liability of foreignness is the inherent disadvantage faced by _____.
foreign firms in host nations due to their non-native status
Which of the following is true of globalization according to the "new force" perspective?
It is a western ideology focused on exploiting and dominating the world through MNEs
The concept of _____ suggests that barriers to market integration at borders are high, but not high
enough to completely insulate countries from each other.
Semiglobalization
The strategy of treating each country as a unique market and in total isolation is referred to as _____.
Localization
,MNEs from the Triad dominate the list of the 500 largest MNEs; their share has been _____.
Shrinking
A conversion that determines the equivalent amount of goods and services that different currencies
can buy is known as _____.
purchasing power parity
Which of the following countries would be characterized as an emerging economy?
Brazil
Which of the following countries is represented in the Triad of the global economic pyramid?
Japan
People who earn _____ a year comprise the base of the global economic pyramid.
less than $2,000
A _____ is defined as an innovation that is adopted first in emerging economies and then diffused
around the world.
reverse innovation
The _____ view suggests that the success and failure of firms are largely determined by their
environments.
institution-based
The _____ view of global business focuses on internal factors that can help a firm overcome its
external environment.
resource-based
Which of the following is true of globalization according to the "pendulum view" perspective?
Globalization is a not a one-directional phenomenon
The concept of _____ suggests that barriers to market integration at borders are high, but not high
enough to completely insulate countries from each other.
semiglobalization
_____ is the strategy of treating the entire world as one market.
Standardization
Protectionism is similar to mercantilism as they both advocated _____.
government involvement in international trade
The _____ principle advocated that governments should actively protect domestic industries from
imports and vigorously promote exports.
, Protectionism
Which of the following is a modern trade theory?
National competitive advantage
Which of the following trade theories divides the nations of the world into three categories?
Product life cycle
Which of the following was the first international trade theory to account for changes in the patterns
of trade over time?
Product life cycle theory
In the third stage of the product life cycle theory, the _____.
product is standardized
Which of the following describes resource mobility as assumed by the classical theories of
international trade?
It is the assumption that a resource used in producing a product for one industry can be shifted and
put to use in another industry
The theory of comparative advantage _____.
explains patterns of trade based on factor endowments
Deadweight costs are net losses that occur when _____ are imposed.
import tariffs
_____ are government payments to domestic firms.
Subsidies
Which of the following is true of voluntary export restraints?
It is an export quota levied by a country on the quantity of its exports.
_____ are tariffs levied on imports sold below costs to drive domestic firms out of business.
Antidumping duties
FPI refers to the _____.
investment in a portfolio of foreign securities that do not entail the active management of foreign
assets
A vertical FDI refers to a type of FDI in which _____.
a firm moves upstream or downstream at different value chain stages in a host country
_____ refers to the total accumulation of inbound FDI in a country or outbound FDI from a country.
FDI stock
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