WGU C211 - Global Economics
for Managers Exam fully solved
& updated 2026 (latest version
verified for accuracy) | Latest!!
Views on Globalization - ANSWER-New, Evolutionary, and Pendulum
"New" view on globalization - ANSWER-A force sweeping through the world in
recent times.
"Evolutionary" view on globalization - ANSWER-A long-run historical evolution
since the dawn of human history
"Pendulum" view on globalization - ANSWER-One that swings from one extreme
to another from time to time
Foreign Direct Investment - ANSWER-Direct investment in, control, and
management of value-added activities in other countries
Political views on FDI - ANSWER-Radical View, Free Market View, Pragmatic
Nationalism
,Benefits to a country receiving FDI - ANSWER-Capital Inflow, Technology Spillover,
Advanced Management Know-How, Job creation
Costs to a country receiving FDI - ANSWER-Loss of Sovereignty, Adverse effects on
competition,
Capital outflow.
How do resources and capabilities influence the competitive dynamics of a
business? - ANSWER-Resource similarity and market commonality can yield a
powerful framework for competitor analysis.
Resource similarity - 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? - 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 - ANSWER-Mercantilism, Absolute
advantage, and Comparative advantage
Modern theory view - ANSWER-Dynamic
Classical theory view - ANSWER-Static
, Absolute advantage - ANSWER-The economic advantage one nation enjoys that is
superior to other nations
Comparative advantage - ANSWER-The advantage one economic activity nation
enjoys in comparison with other nations (relative, not absolute)
Mercantilism - 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? - ANSWER-New, Maturing, and Standardized
Strategic trade - 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? -
ANSWER-The price of a commodity, a country's currency, is fundamentally
determined by this. Strong demand leads to price hikes; oversupply results in
price drops.
Which theory came first? - ANSWER-Mercantilism (although both are of the idea
that governments should actively protect domestic industries from imports and
vigorously promote exports)
for Managers Exam fully solved
& updated 2026 (latest version
verified for accuracy) | Latest!!
Views on Globalization - ANSWER-New, Evolutionary, and Pendulum
"New" view on globalization - ANSWER-A force sweeping through the world in
recent times.
"Evolutionary" view on globalization - ANSWER-A long-run historical evolution
since the dawn of human history
"Pendulum" view on globalization - ANSWER-One that swings from one extreme
to another from time to time
Foreign Direct Investment - ANSWER-Direct investment in, control, and
management of value-added activities in other countries
Political views on FDI - ANSWER-Radical View, Free Market View, Pragmatic
Nationalism
,Benefits to a country receiving FDI - ANSWER-Capital Inflow, Technology Spillover,
Advanced Management Know-How, Job creation
Costs to a country receiving FDI - ANSWER-Loss of Sovereignty, Adverse effects on
competition,
Capital outflow.
How do resources and capabilities influence the competitive dynamics of a
business? - ANSWER-Resource similarity and market commonality can yield a
powerful framework for competitor analysis.
Resource similarity - 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? - 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 - ANSWER-Mercantilism, Absolute
advantage, and Comparative advantage
Modern theory view - ANSWER-Dynamic
Classical theory view - ANSWER-Static
, Absolute advantage - ANSWER-The economic advantage one nation enjoys that is
superior to other nations
Comparative advantage - ANSWER-The advantage one economic activity nation
enjoys in comparison with other nations (relative, not absolute)
Mercantilism - 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? - ANSWER-New, Maturing, and Standardized
Strategic trade - 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? -
ANSWER-The price of a commodity, a country's currency, is fundamentally
determined by this. Strong demand leads to price hikes; oversupply results in
price drops.
Which theory came first? - ANSWER-Mercantilism (although both are of the idea
that governments should actively protect domestic industries from imports and
vigorously promote exports)
