PRE-ASSESSMENT: GLOBAL ECONOMICS FOR MANAGERS (UZC2). WGU C211. CORRECT ANSWERS ONLY

PRE-ASSESSMENT:
GLOBAL ECONOMICS




K
C
FOR MANAGERS (UZC2).
LO
WGU C211. CORRECT
YC
ANSWERS ONLY.
EXAM QUESTIONS
D


WITH CORRECT
U
ST




VERIFIED ANSWERS A+
GRADED

, Which view claims that the phenomenon of globalization
was initially driven by the desire of Western economies to
exploit their power through multinational enterprises? -
ANS The new-force view

Economic gains come from international trade because
one country's exported goods, services, or other items are




K
unique, valuable, and difficult to duplicate to the importing




C
countries - ANS Resource-based view



LO
What is the aggregation of importing and exporting that
leads to the country-level trade surplus or deficit? - ANS
Balance of trade
YC
What is a cost of foreign direct investment? - ANS
Developing countries may be exploited by multinational
enterprises (MNE).
D
U


What may precious, rare, and hard-to-duplicate resources
and capabilities lead to for a firm? - ANS Sustained
ST




comparative advantage

Which theory states that patterns of international trade
change across new, maturing, and standardized stages? -
ANS Product life cycle theory