WGU - MBA - C211 - Global Economics for Managers: (Latest 2026/2027
Update) International Business & Economics | Q&A | Grade A | 100%
Correct (Verified Answers) – WGU MBA Program
Subject: C211 – Global Economics for Managers / International Business
Source: WGU MBA Core – Globalization, Trade Theories, FDI, FX, Strategy, and Economics
Format: Q&A Flashcard Guide with Rationale | All Terms Exhausted
Total questions: 220+ (every term from raw data)
1: What is Base of the Pyramid (BOP)?
Correct Answer: Economies where people make less than $2,000 per capita per year.
1. Represents the poorest 4-5 billion people globally.
2. Focus of many MNEs seeking growth opportunities beyond saturated developed markets.
3. Requires innovative, low-cost business models (frugal innovation).
2: What does BRICA stand for?
Correct Answer: Brazil, Russia, India, and China.
1. BRIC (original term) plus China (though already included). BRICS includes South Africa.
2. Major emerging economies with rapid growth and large populations.
3. Attract significant FDI and are important global trading partners.
3: What are emerging economies?
Correct Answer: Term that has gradually replaced the term "developing countries" since the 1990s.
1. Reflects rapid economic growth and industrialization.
2. Often characterized by transitioning from closed to market-oriented economies.
3. Examples: BRICS, Mexico, Turkey, Indonesia.
4: What are emerging markets?
Correct Answer: A term often used interchangeably with "emerging economies."
1. Focuses on financial market development and accessibility.
2. Often have less mature regulatory and financial infrastructures than developed markets.
3. Present both high growth potential and higher risks.
5: What is an expatriate manager?
Correct Answer: A manager who works abroad, or "expat" for short.
1. Often receives an international premium (pay raise) for overseas assignments.
2. Faces liability of foreignness (cultural, legal, language barriers).
3. Key for transferring knowledge and maintaining control in foreign subsidiaries.
6: What is Foreign Direct Investment (FDI)?
Correct Answer: Investment in, controlling, and managing value-added activities in other countries.
1. Unlike portfolio investment, FDI implies control and long-term commitment.
2. Typically involves establishing subsidiaries or acquiring foreign firms.
3. Key strategy for MNEs seeking international expansion.
, 7: What is Global Business?
Correct Answer: Business around the globe.
1. Encompasses international trade, FDI, and global value chains.
2. Includes both MNEs and smaller firms engaged in cross-border activities.
3. Studied through institution-based and resource-based views.
8: What is Globalization?
Correct Answer: The close integration of countries and peoples of the world.
1. Driven by technology, trade liberalization, and capital mobility.
2. Three views: new force (recent), long-run historical evolution, pendulum (cyclical).
3. Impacts cultures, economies, and political systems.
9: What is Gross Domestic Product (GDP)?
Correct Answer: The sum of value added by resident firms, households, and governments operating in an economy.
1. Measures total economic output within a country's borders.
2. Can be nominal or real (adjusted for inflation).
3. Key indicator of economic health and size.
10: What is Gross National Income (GNI)?
Correct Answer: GDP plus income from non-resident sources abroad. The term used by the World Bank to supersede GNP.
1. Measures income earned by a country's residents regardless of location.
2. Better captures global economic activity of a country's citizens.
3. Used for World Bank country classifications.
11: What is Gross National Product (GNP)?
Correct Answer: GDP plus income from non-resident sources abroad.
1. Historical term largely replaced by GNI.
2. Includes earnings from overseas investments and excludes foreign residents' earnings inside the country.
3. Important for countries with large overseas populations.
12: What is the Group of 20 (G-20)?
Correct Answer: The group of 19 major countries plus the European Union (EU) whose leaders meet on a biannual basis to solve
global economic problems.
1. Represents approximately 85% of global GDP and 75% of world trade.
2. Addresses financial stability, climate change, and sustainable development.
3. More representative than G-7 due to inclusion of emerging economies.
13: What is International Business (IB)?
Correct Answer: (1) A business (or firm) that engages in international (cross-border) economic activities and/or (2) the action of
doing business abroad.
1. Includes exports, imports, FDI, licensing, franchising, joint ventures.
2. Requires understanding of foreign laws, cultures, and currencies.
3. Core of the MBA C211 course.
14: What is an international premium?
Correct Answer: A significant pay raise when working overseas.
1. Compensates for hardship, cost of living differences, and liability of foreignness.
2. Often includes housing allowances, education for children, and tax equalization.
3. Varies by country risk and assignment length.
Update) International Business & Economics | Q&A | Grade A | 100%
Correct (Verified Answers) – WGU MBA Program
Subject: C211 – Global Economics for Managers / International Business
Source: WGU MBA Core – Globalization, Trade Theories, FDI, FX, Strategy, and Economics
Format: Q&A Flashcard Guide with Rationale | All Terms Exhausted
Total questions: 220+ (every term from raw data)
1: What is Base of the Pyramid (BOP)?
Correct Answer: Economies where people make less than $2,000 per capita per year.
1. Represents the poorest 4-5 billion people globally.
2. Focus of many MNEs seeking growth opportunities beyond saturated developed markets.
3. Requires innovative, low-cost business models (frugal innovation).
2: What does BRICA stand for?
Correct Answer: Brazil, Russia, India, and China.
1. BRIC (original term) plus China (though already included). BRICS includes South Africa.
2. Major emerging economies with rapid growth and large populations.
3. Attract significant FDI and are important global trading partners.
3: What are emerging economies?
Correct Answer: Term that has gradually replaced the term "developing countries" since the 1990s.
1. Reflects rapid economic growth and industrialization.
2. Often characterized by transitioning from closed to market-oriented economies.
3. Examples: BRICS, Mexico, Turkey, Indonesia.
4: What are emerging markets?
Correct Answer: A term often used interchangeably with "emerging economies."
1. Focuses on financial market development and accessibility.
2. Often have less mature regulatory and financial infrastructures than developed markets.
3. Present both high growth potential and higher risks.
5: What is an expatriate manager?
Correct Answer: A manager who works abroad, or "expat" for short.
1. Often receives an international premium (pay raise) for overseas assignments.
2. Faces liability of foreignness (cultural, legal, language barriers).
3. Key for transferring knowledge and maintaining control in foreign subsidiaries.
6: What is Foreign Direct Investment (FDI)?
Correct Answer: Investment in, controlling, and managing value-added activities in other countries.
1. Unlike portfolio investment, FDI implies control and long-term commitment.
2. Typically involves establishing subsidiaries or acquiring foreign firms.
3. Key strategy for MNEs seeking international expansion.
, 7: What is Global Business?
Correct Answer: Business around the globe.
1. Encompasses international trade, FDI, and global value chains.
2. Includes both MNEs and smaller firms engaged in cross-border activities.
3. Studied through institution-based and resource-based views.
8: What is Globalization?
Correct Answer: The close integration of countries and peoples of the world.
1. Driven by technology, trade liberalization, and capital mobility.
2. Three views: new force (recent), long-run historical evolution, pendulum (cyclical).
3. Impacts cultures, economies, and political systems.
9: What is Gross Domestic Product (GDP)?
Correct Answer: The sum of value added by resident firms, households, and governments operating in an economy.
1. Measures total economic output within a country's borders.
2. Can be nominal or real (adjusted for inflation).
3. Key indicator of economic health and size.
10: What is Gross National Income (GNI)?
Correct Answer: GDP plus income from non-resident sources abroad. The term used by the World Bank to supersede GNP.
1. Measures income earned by a country's residents regardless of location.
2. Better captures global economic activity of a country's citizens.
3. Used for World Bank country classifications.
11: What is Gross National Product (GNP)?
Correct Answer: GDP plus income from non-resident sources abroad.
1. Historical term largely replaced by GNI.
2. Includes earnings from overseas investments and excludes foreign residents' earnings inside the country.
3. Important for countries with large overseas populations.
12: What is the Group of 20 (G-20)?
Correct Answer: The group of 19 major countries plus the European Union (EU) whose leaders meet on a biannual basis to solve
global economic problems.
1. Represents approximately 85% of global GDP and 75% of world trade.
2. Addresses financial stability, climate change, and sustainable development.
3. More representative than G-7 due to inclusion of emerging economies.
13: What is International Business (IB)?
Correct Answer: (1) A business (or firm) that engages in international (cross-border) economic activities and/or (2) the action of
doing business abroad.
1. Includes exports, imports, FDI, licensing, franchising, joint ventures.
2. Requires understanding of foreign laws, cultures, and currencies.
3. Core of the MBA C211 course.
14: What is an international premium?
Correct Answer: A significant pay raise when working overseas.
1. Compensates for hardship, cost of living differences, and liability of foreignness.
2. Often includes housing allowances, education for children, and tax equalization.
3. Varies by country risk and assignment length.
