1|Page
WGU C211 GLOBAL ECONOMICS FOR
MANAGERS OA AND PA 2025/2026 BANK
EXAM QUESTIONS AND CORRECT
ANSWERS /ACCURATE REAL EXAM
WITH FREQUENTLY TESTED
QUESTIONS AND RATIONALE
/ALREADY GRADED A+
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
,2|Page
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 following is true of semiglobalization?
......answer.....It is a type of globalization that lies between total
isolation and total globalization.
Globalization can be viewed as: ......answer.....A new force
sweeping through the world in recent times.
A long-run historical evolution since the dawn of human history.
,3|Page
A pendulum that swings from one extreme to another from time to
time.
Name the three views of globalization. ......answer.....A recent
force, a long-running evolution, and a pendulum
The _____ theory viewed international trade as a zero-sum game.
......answer.....mercantilism
The _____ principle advocated that governments should actively
protect domestic industries from imports and vigorously promote
exports. ......answer.....protectionism
Which of the following is a modern trade theory?
......answer.....National competitive advantage
, 4|Page
The _____ theory is based on the assumption that the wealth of the
world is fixed. ......answer.....mercantilism
Import quotas are a type of _____. ......answer.....tariff barrier
According to the theory of absolute advantage, under free trade,
......answer.....Each nation gains by specializing in economic
activities in which a nation has absolute advantage.
Which of the following is NOT a nontariff trade barrier (NTB)?
......answer.....Cultural distance
Chile requires 50 units of resource to produce one ton of wine and
20 units of resource to produce one ton of blueberries. France
WGU C211 GLOBAL ECONOMICS FOR
MANAGERS OA AND PA 2025/2026 BANK
EXAM QUESTIONS AND CORRECT
ANSWERS /ACCURATE REAL EXAM
WITH FREQUENTLY TESTED
QUESTIONS AND RATIONALE
/ALREADY GRADED A+
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
,2|Page
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 following is true of semiglobalization?
......answer.....It is a type of globalization that lies between total
isolation and total globalization.
Globalization can be viewed as: ......answer.....A new force
sweeping through the world in recent times.
A long-run historical evolution since the dawn of human history.
,3|Page
A pendulum that swings from one extreme to another from time to
time.
Name the three views of globalization. ......answer.....A recent
force, a long-running evolution, and a pendulum
The _____ theory viewed international trade as a zero-sum game.
......answer.....mercantilism
The _____ principle advocated that governments should actively
protect domestic industries from imports and vigorously promote
exports. ......answer.....protectionism
Which of the following is a modern trade theory?
......answer.....National competitive advantage
, 4|Page
The _____ theory is based on the assumption that the wealth of the
world is fixed. ......answer.....mercantilism
Import quotas are a type of _____. ......answer.....tariff barrier
According to the theory of absolute advantage, under free trade,
......answer.....Each nation gains by specializing in economic
activities in which a nation has absolute advantage.
Which of the following is NOT a nontariff trade barrier (NTB)?
......answer.....Cultural distance
Chile requires 50 units of resource to produce one ton of wine and
20 units of resource to produce one ton of blueberries. France
