1 | Page
WGU C211 GLOBAL ECONOMICS FOR
MANAGERS 2026 100% ASSURED PASS
GUARANTEE.
Reason to measure GDP in real terms - correct
answer- Because (answer) GDP is not affected
by changes in prices, changes in (answer) GDP
reflect only changes in the amounts being
produced.
Views on Globalization - correct answer- New,
Evolutionary, and Pendulum
"New" view on globalization - correct answer-
A force sweeping through the world in recent
times.
"Evolutionary" view on globalization - correct
answer- A long-run historical evolution since
the dawn of human history
"Pendulum" view on globalization - correct
answer- One that swings from one extreme to
another from time to time
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Foreign Direct Investment - correct answer-
Direct investment in, control, and management
of value-added activities in other countries
Political views on FDI - correct answer-
Radical View, Free Market View, Pragmatic
Nationalism
Benefits to a country receiving FDI - correct
answer- Capital Inflow, Technology Spillover,
Advanced Management Know-How, Job creation
Costs to a country receiving FDI - correct
answer- Loss of Sovereignty, Adverse effects
on competition,
Capital outflow.
How do resources and capabilities influence
the competitive dynamics of a business? -
correct answer- Resource similarity and market
commonality can yield a powerful framework for
competitor analysis.
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Resource similarity - correct answer- The
extent to which a given competitor possesses
strategic endowment comparable, in terms of
both type and amount, to those of the focal
firm.
How does resource similarity impact
competitive dynamics? - correct answer- Firms
with a high degree are likely to have similar
competitive actions. (Starbuck's instant
coffee & McDonald's iced coffee)
Classical theories of international trade -
correct answer- Mercantilism, Absolute
advantage, and Comparative advantage
Modern theory view - correct answer- Dynamic
Classical theory view - correct answer- Static
, 4 | Page
Absolute advantage - correct answer- The
economic advantage one nation enjoys that is
superior to other nations
Comparative advantage - correct answer- The
advantage one economic activity nation enjoys
in comparison with other nations (relative,
not absolute)
Mercantilism - correct answer- A theory that
suggests that the wealth of the world is fixed
and that a nation that exports more and
imports less will be richer.
Features of the product life cycle? - correct
answer- New, Maturing, and Standardized
Strategic trade - correct answer- Intervention
by governments in certain industries can
enhance their odds for international success.
How are supply and demand related to the
exchange rate of a country? - correct answer-
WGU C211 GLOBAL ECONOMICS FOR
MANAGERS 2026 100% ASSURED PASS
GUARANTEE.
Reason to measure GDP in real terms - correct
answer- Because (answer) GDP is not affected
by changes in prices, changes in (answer) GDP
reflect only changes in the amounts being
produced.
Views on Globalization - correct answer- New,
Evolutionary, and Pendulum
"New" view on globalization - correct answer-
A force sweeping through the world in recent
times.
"Evolutionary" view on globalization - correct
answer- A long-run historical evolution since
the dawn of human history
"Pendulum" view on globalization - correct
answer- One that swings from one extreme to
another from time to time
,2 | Page
Foreign Direct Investment - correct answer-
Direct investment in, control, and management
of value-added activities in other countries
Political views on FDI - correct answer-
Radical View, Free Market View, Pragmatic
Nationalism
Benefits to a country receiving FDI - correct
answer- Capital Inflow, Technology Spillover,
Advanced Management Know-How, Job creation
Costs to a country receiving FDI - correct
answer- Loss of Sovereignty, Adverse effects
on competition,
Capital outflow.
How do resources and capabilities influence
the competitive dynamics of a business? -
correct answer- Resource similarity and market
commonality can yield a powerful framework for
competitor analysis.
,3 | Page
Resource similarity - correct answer- The
extent to which a given competitor possesses
strategic endowment comparable, in terms of
both type and amount, to those of the focal
firm.
How does resource similarity impact
competitive dynamics? - correct answer- Firms
with a high degree are likely to have similar
competitive actions. (Starbuck's instant
coffee & McDonald's iced coffee)
Classical theories of international trade -
correct answer- Mercantilism, Absolute
advantage, and Comparative advantage
Modern theory view - correct answer- Dynamic
Classical theory view - correct answer- Static
, 4 | Page
Absolute advantage - correct answer- The
economic advantage one nation enjoys that is
superior to other nations
Comparative advantage - correct answer- The
advantage one economic activity nation enjoys
in comparison with other nations (relative,
not absolute)
Mercantilism - correct answer- A theory that
suggests that the wealth of the world is fixed
and that a nation that exports more and
imports less will be richer.
Features of the product life cycle? - correct
answer- New, Maturing, and Standardized
Strategic trade - correct answer- Intervention
by governments in certain industries can
enhance their odds for international success.
How are supply and demand related to the
exchange rate of a country? - correct answer-
