WGU C211 Prep for OA-Correctively Answered
Globalization can be viewed as -correct ans-a new force sweeping through the world in recent times.
a Option pendulum that swings from one extreme to another from time to time.
a long-run historical evolution since the dawn of human history.
What is the definition of an institution-based view of global business? -correct ans-An institution-based
view suggests that the success and failure of firms are enabled and constrained by institutions, also
known as the rules of the game, such as regulations, laws, cultures, ethics, and norms.
From an institution-based view, a government's legal requirement for a business to pay taxes would be
an example of: -correct ans-the influence of a formal institution.
Which are the three views of globalization? -correct ans-A recent force, a long-running evolution, and a
pendulum
Trade deficit refers to: -correct ans-an economic condition in which a nation imports more than it
exports.
The modern trade theories include the following EXCEPT: -correct ans-Theory of comparative advantage
The theory of mercantilism: -correct ans-views international trade as a zero-sum game.
According to the theory of absolute advantage, under free trade, -correct ans-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)? -correct ans-Cultural distance
Which of the following theories does NOT lead to the conclusion that unrestricted free trade is in the
best interests of all countries? -correct ans-Strategic trade theory
, An import quota is: -correct ans-Restriction on the quantity of imports that can be brought into a
country.
The three modern theories of international trade are: -correct ans-product life cycle, strategic trade,
national competitive advantage of industries.
Free trade is defined as: -correct ans-The idea that market forces should determine how much to trade
with little or no government intervention.
Multinational enterprises (MNEs) are: -correct ans-firms that engage in foreign direct investment (FDI).
Foreign direct investment (FDI) is: -correct ans-investment in activities that control and manage value-
added activities in foreign countries.
An oligopoly is an: -correct ans-industry dominated by a small number of competitors.
The primary political views on FDI are: -correct ans-Free market and pragmatic nationalism
Some of the benefits of FDI to the host country are: -correct ans-Job creation
Advanced technology
Capital inflow
In addition to FDI, other ways a firm can enter foreign markets include: -correct ans-License and
trademark
Outsource
Import and export
Which of the following statements about the effects of FDI on host countries is true? -correct ans-While
FDI creates jobs and encourages the development of management know-how within the host country, it
can also lead to adverse effects on competition and capital outflow.
Globalization can be viewed as -correct ans-a new force sweeping through the world in recent times.
a Option pendulum that swings from one extreme to another from time to time.
a long-run historical evolution since the dawn of human history.
What is the definition of an institution-based view of global business? -correct ans-An institution-based
view suggests that the success and failure of firms are enabled and constrained by institutions, also
known as the rules of the game, such as regulations, laws, cultures, ethics, and norms.
From an institution-based view, a government's legal requirement for a business to pay taxes would be
an example of: -correct ans-the influence of a formal institution.
Which are the three views of globalization? -correct ans-A recent force, a long-running evolution, and a
pendulum
Trade deficit refers to: -correct ans-an economic condition in which a nation imports more than it
exports.
The modern trade theories include the following EXCEPT: -correct ans-Theory of comparative advantage
The theory of mercantilism: -correct ans-views international trade as a zero-sum game.
According to the theory of absolute advantage, under free trade, -correct ans-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)? -correct ans-Cultural distance
Which of the following theories does NOT lead to the conclusion that unrestricted free trade is in the
best interests of all countries? -correct ans-Strategic trade theory
, An import quota is: -correct ans-Restriction on the quantity of imports that can be brought into a
country.
The three modern theories of international trade are: -correct ans-product life cycle, strategic trade,
national competitive advantage of industries.
Free trade is defined as: -correct ans-The idea that market forces should determine how much to trade
with little or no government intervention.
Multinational enterprises (MNEs) are: -correct ans-firms that engage in foreign direct investment (FDI).
Foreign direct investment (FDI) is: -correct ans-investment in activities that control and manage value-
added activities in foreign countries.
An oligopoly is an: -correct ans-industry dominated by a small number of competitors.
The primary political views on FDI are: -correct ans-Free market and pragmatic nationalism
Some of the benefits of FDI to the host country are: -correct ans-Job creation
Advanced technology
Capital inflow
In addition to FDI, other ways a firm can enter foreign markets include: -correct ans-License and
trademark
Outsource
Import and export
Which of the following statements about the effects of FDI on host countries is true? -correct ans-While
FDI creates jobs and encourages the development of management know-how within the host country, it
can also lead to adverse effects on competition and capital outflow.
