Exam c211 global economic - Study guides, Class notes & Summaries
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WGU C211 Global Economics for Managers Exam | Questions and Verified Answers| 100% Correct (New 2023/ 2024 Update) Grade A
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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 ...
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C211 Global Economics for Managers Exam Questions and Answers 100% Pass
- Exam (elaborations) • 37 pages • 2024
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C211 Global Economics for Managers Exam 
Questions and Answers 100% Pass 
Base of the pyramid (BOP) - Answer- Economies where people make less than $2,000 
per capita per year. 
BRICA - Answer- Brazil, Russia, India, and China. 
Emerging economies - Answer- term that has gradually replaced the term "developing 
countries" since the 1990s. 
Emerging markets - Answer- A term that is often used interchangeably with "emerging 
economies." 
Expatriate manager - Answer- A manager who works abroad,...
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WGU C211 Globalization (peng 1,5,6,11) Exam Practice Questions with 100% Correct Answers
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WGU C211 Globalization (peng 1,5,6,11) 
Exam Practice Questions with 100% 
Correct Answers 
global business - Correct Answer ️️ -business around the globe 
international business - Correct Answer ️️ -business (firm) that engages in 
international (cross 
-border) economic activities and the action of doing business 
abroad. 
base of the pyramid - Correct Answer ️️ -part of the view of the global economy as a 
pyramid. The vast majority of humanity, about four billion people, lives at...
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WGU C211 Exam Prep Questions and Answers Already Passed
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WGU C211 Exam Prep Questions and Answers Already Passed 
Globalization can be viewed as - ️️a new force sweeping through the world in recent times. a Option pendulum that swings from one extreme to another from time to time. a long-run historical evolution since the dawn of human history. What is the definition of an institution-based view of global business? - ️️An institution-based view suggests that the success and failure of firms are enabled and constrained by institutions, also kno...
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WGU C211 - Global Economics for Managers Final Exam - All Reading (Answered Fall 2022)
- Exam (elaborations) • 34 pages • 2023
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WGU C211 - Global Economics for Managers Final Exam - All Reading (Answered Fall 2022) 
 
Base of the pyramid (BOP) 
Economies where people make less than $2,000 per capita per year. 
BRICA 
Brazil, Russia, India, and China. 
Emerging economies 
term that has gradually replaced the term "developing countries" since the 1990s. 
Emerging markets 
A term that is often used interchangeably with "emerging economies." 
Expatriate manager 
A manager who works abroad, or "expat" for short. 
Foreig...
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WGU C211 Pre- Assessment Global Economics for Managers Exam | Questions and Verified Answers| 100% Correct (Latest 2023/ 2024) Graded A
- Exam (elaborations) • 20 pages • 2023
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WGU C211 Pre- Assessment Global Economics for Managers Exam | Questions and Verified Answers| 100% Correct (Latest 2023/ 2024) Graded A 
 
Q: A farmer sells wheat in a perfectly competitive market. Which action should the farmer take to maximize profits? 
 
 
Answer: 
Produce the quantity where the price equals the farmer's marginal cost 
 
 
 
Q: What is the economic profit of a competitive firm? 
 
 
Answer: 
The difference between total revenue and total cost 
 
 
 
Q: Which condition applie...
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WGU C211 – Global Economics for Managers Exam Questions and Answers Rated A+ Latest 2023/2024
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WGU C211 – Global Economics for Managers Exam Questions and Answers Rated A+ Latest 2023/2024 
**What Political views exist on Foreign Direct Investment (FDI)** 
**answer includes radicalism** 
Radical View - Hostile to foreign direct investment (FD) 
 
Free Market View - Suggests foreign direct investment (FDI) unrestricted by government intervention is the best. 
 
Pragmatic Nationalism - Only approves foreign direct investment (FDI) when its benefits outweigh its costs. 
 
 
**What is Resou...
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C211 Global Economics for Managers Exam Questions and Answers 100% Pass
- Exam (elaborations) • 37 pages • 2024
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C211 Global Economics for Managers Exam 
Questions and Answers 100% Pass 
Base of the pyramid (BOP) - Answer- Economies where people make less than $2,000 
per capita per year. 
BRICA - Answer- Brazil, Russia, India, and China. 
Emerging economies - Answer- term that has gradually replaced the term "developing 
countries" since the 1990s. 
Emerging markets - Answer- A term that is often used interchangeably with "emerging 
economies." 
Expatriate manager - Answer- A manager who works abroad,...
-
wgu c211 global economics exam questions with 100% correct answers 2024
- Exam (elaborations) • 15 pages • 2024
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wgu c211 global economics exam questions 
with 100% correct answers 2024 
which view claims that the phenomenon of globalization was initially driven by the 
Western economies to exploit their Powers through Multinational Enterprises - 
ANSWERS "New" force view 
economic gaines from international trade because one countries exported Goods, 
services or other items are unique, valuable and difficult to duplicate to the important 
countries. which view does this statement portray? - ANSWERS ...
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WGU C211 - Global Economics for Managers Final Exam - All Reading (Answered Fall 2022)
- Exam (elaborations) • 34 pages • 2022
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WGU C211 - Global Economics for Managers Final Exam - All Reading (Answered Fall 2022) 
 
Base of the pyramid (BOP) 
Economies where people make less than $2,000 per capita per year. 
BRICA 
Brazil, Russia, India, and China. 
Emerging economies 
term that has gradually replaced the term "developing countries" since the 1990s. 
Emerging markets 
A term that is often used interchangeably with "emerging economies." 
Expatriate manager 
A manager who works abroad, or "expat" for short. 
Foreig...
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