PRE-ASSESSMENT: GLOBAL ECONOMICS FOR MANAGERS
(UZC2). WGU C211 questions and answers with Complete
Solutions 100% Correct | New Update 2026 || 100% Guaranteed
Pass || complete A+ Guide
Geniusexpert stuvia
THIS DOCUMENT CONTAINS
PRE-ASSESSMENT
GLOBAL ECONOMICS FOR MANAGERS (UZC2).
WGU C211
questions and answers
with Complete Solutions 100% Correct
New Update 2026
100% Guaranteed Pass
complete A+ Guide
, https://www.stuvia.com/user/geniusexpert
1. Which view claims that the phenomenon of globalization was initially driven by the desire
of Western economies to exploit their power through multinational enterprises?
Answer: The new-force view
Explanation: The new-force view argues that globalization is not a natural or inevitable process
but rather a deliberate outcome driven by powerful Western economies and their multinational
enterprises seeking to extend their dominance and exploit less developed markets.
2. Economic gains come from international trade because one country's exported goods,
services, or other items are unique, valuable, and difficult to duplicate to the importing
countries:
Answer: Resource-based view
Explanation: The resource-based view focuses on a firm’s internal resources and capabilities
that are valuable, rare, and hard to imitate. When applied to trade, it suggests that countries
gain by exporting such unique resources that importing countries cannot easily replicate.
3. What is the aggregation of importing and exporting that leads to the country-level trade
surplus or deficit?
Answer: Balance of trade
Explanation: Balance of trade is the difference between a country’s exports and imports. A
surplus occurs when exports exceed imports; a deficit when imports exceed exports. It is a key
component of the current account.
4. What is a cost of foreign direct investment?
Answer: Developing countries may be exploited by multinational enterprises (MNE).
Explanation: While FDI can bring capital and jobs, critics argue that MNEs may exploit weak
regulations, pay low wages, extract resources, or harm local industries, leading to net negative
effects for the host developing country.
https://www.stuvia.com/user/geniusexpert
(UZC2). WGU C211 questions and answers with Complete
Solutions 100% Correct | New Update 2026 || 100% Guaranteed
Pass || complete A+ Guide
Geniusexpert stuvia
THIS DOCUMENT CONTAINS
PRE-ASSESSMENT
GLOBAL ECONOMICS FOR MANAGERS (UZC2).
WGU C211
questions and answers
with Complete Solutions 100% Correct
New Update 2026
100% Guaranteed Pass
complete A+ Guide
, https://www.stuvia.com/user/geniusexpert
1. Which view claims that the phenomenon of globalization was initially driven by the desire
of Western economies to exploit their power through multinational enterprises?
Answer: The new-force view
Explanation: The new-force view argues that globalization is not a natural or inevitable process
but rather a deliberate outcome driven by powerful Western economies and their multinational
enterprises seeking to extend their dominance and exploit less developed markets.
2. Economic gains come from international trade because one country's exported goods,
services, or other items are unique, valuable, and difficult to duplicate to the importing
countries:
Answer: Resource-based view
Explanation: The resource-based view focuses on a firm’s internal resources and capabilities
that are valuable, rare, and hard to imitate. When applied to trade, it suggests that countries
gain by exporting such unique resources that importing countries cannot easily replicate.
3. What is the aggregation of importing and exporting that leads to the country-level trade
surplus or deficit?
Answer: Balance of trade
Explanation: Balance of trade is the difference between a country’s exports and imports. A
surplus occurs when exports exceed imports; a deficit when imports exceed exports. It is a key
component of the current account.
4. What is a cost of foreign direct investment?
Answer: Developing countries may be exploited by multinational enterprises (MNE).
Explanation: While FDI can bring capital and jobs, critics argue that MNEs may exploit weak
regulations, pay low wages, extract resources, or harm local industries, leading to net negative
effects for the host developing country.
https://www.stuvia.com/user/geniusexpert
