WGU C211 OA Global Economics Exam
Questions and Answers (Verified Answers)
(Latest Update 2026) C 211 Global Economics for
Managers WGU for OA
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Terms in this set (206)
The resource-based view of global focuses on the internal strengths on the firm
business differs from the institution-
based view of global business in
that the resource-based view _____.
Which of the following is true of Globalization is a not a one-directional
globalization according to the phenomenon.
"pendulum view" perspective?
The _____ of globalization suggests pendulum view
that globalization is neither recent
nor one-directional.
Which of the following is true of It is a type of globalization that lies between total
semiglobalization? isolation and total globalization.
, Globalization can be viewed as: A new force sweeping through the world in
recent times.
A long-run historical evolution since the dawn of
human history.
A pendulum that swings from one extreme to
another from time to time.
Name the three views of A recent force, a long-running evolution, and a
globalization. pendulum
The _____ theory viewed international mercantilism
trade as a zero-sum game.
The _____ principle advocated that protectionism
governments should actively
protect domestic industries from
imports and vigorously promote
exports.
Which of the following is a modern National competitive advantage
trade theory?
The _____ theory is based on the mercantilism
assumption that the wealth of the
world is fixed.
Import quotas are a type of _____. tariff barrier
According to the theory of absolute Each nation gains by specializing in economic
advantage, under free trade, activities in which a nation has absolute
advantage.
Questions and Answers (Verified Answers)
(Latest Update 2026) C 211 Global Economics for
Managers WGU for OA
Save
Terms in this set (206)
The resource-based view of global focuses on the internal strengths on the firm
business differs from the institution-
based view of global business in
that the resource-based view _____.
Which of the following is true of Globalization is a not a one-directional
globalization according to the phenomenon.
"pendulum view" perspective?
The _____ of globalization suggests pendulum view
that globalization is neither recent
nor one-directional.
Which of the following is true of It is a type of globalization that lies between total
semiglobalization? isolation and total globalization.
, Globalization can be viewed as: A new force sweeping through the world in
recent times.
A long-run historical evolution since the dawn of
human history.
A pendulum that swings from one extreme to
another from time to time.
Name the three views of A recent force, a long-running evolution, and a
globalization. pendulum
The _____ theory viewed international mercantilism
trade as a zero-sum game.
The _____ principle advocated that protectionism
governments should actively
protect domestic industries from
imports and vigorously promote
exports.
Which of the following is a modern National competitive advantage
trade theory?
The _____ theory is based on the mercantilism
assumption that the wealth of the
world is fixed.
Import quotas are a type of _____. tariff barrier
According to the theory of absolute Each nation gains by specializing in economic
advantage, under free trade, activities in which a nation has absolute
advantage.
