WGU C211 Global Economics for Manage Final Exam Study Guide (100%Correct Elaborations) Updated 2024.

WGU C211 Global Economics for Manage Final Exam Study Guide (100%Correct Elaborations) Updated 2024. Views on Globaliza on - correct answer New, Evolu onary, and Pendulum "New" view on globaliza on - correct answer A force sweeping through the world in recent mes. "Evolu onary" view on globaliza on - correct answer A long-run historical evolu on since the dawn of human history "Pendulum" view on globaliza on - correct answer One that swings from one extreme to another from me to me WGU C211 Global Economics for Manage Final Exam Study Guide (100%Correct Elaborations) Updated 2024. 12/3/23, 11:19 AM wgu c211 global economics for manage… about:blank 2/29 WAMBUIDOC2 Foreign Direct Investment - correct answer Direct investment in, control, and management of value-added ac vi es in other countries Poli cal views on FDI - correct answer Radical View, Free Market View, Pragma c Na onalism Bene ts to a country receiving FDI - correct answer Capital In ow, Technology Spillover, Advanced Management Know-How, Job crea on Costs to a country receiving FDI - correct answer Loss of Sovereignty, Adverse effects on compe on, Capital ou low. How do resources and capabili es in uence the compe ve dynamics of a business? - correct answer Resource similarity and market commonality can yield a powerful framework for compe tor analysis. Resource similarity - correct answer The extent to which a given compe tor possesses strategic endowment comparable, in terms of both type and amount, to those of the focal rm. 12/3/23, 11:19 AM wgu c211 global economics for manage… about:blank 3/29 WAMBUIDOC3 How does resource similarity impact compe ve dynamics? - correct answer Firms with a high degree are likely to have similar compe ve ac ons. (Starbuck's instant co ee & McDonald's iced co ee) Classical theories of interna onal trade - correct answer Mercantilism, Absolute advantage, and Compara ve advantage Modern theory view - correct answer Dynamic Classical theory view - correct answer Sta c Absolute advantage - correct answer The economic advantage one na on enjoys that is superior to other na ons Compara ve advantage - correct answer The advantage one economic ac vity na on enjoys in comparison with other nations (rela ve, not absolute) 12/3/23, 11:19 AM wgu c211 global economics for manage… about:blank 4/29 WAMBUIDOC4 Mercan lism - correct answer A theory that suggests that the wealth of the world is xed and that a na on that exports more and imports less will be richer. Features of the product life cycle? - correct answer New, Maturing, and Standardized Strategic trade - correct answer Interven on by governments in certain industries can enhance their odds for interna onal success. How are supply and demand related to the exchange rate of a country? - correct 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 rst? - correct answer Mercan lism (although both are of the idea that governments should ac vely protect domes c industries from imports and vigorously promote exports)