STUDENTS SUCCESS
Revision Examination Tests
“Come all for this Greatness”
... 100% Correct Ans ...
WGU C211 GLOBAL ECONOMICS 2024-2025 ACTUAL EXAM COMPLETE -
QUESTIONS AND CORRECT DETAILED ANSWERS
Quiz which view claims that the phenomenon of globalization was initially driven by
the Western economies to exploit their Powers through Multinational Enterprises
Ans: "New" force view
Quiz economic gains from international trade because one country exported Goods,
services or other items are unique, valuable and difficult to duplicate to the important
countries. which view does this statement portray?
Ans: resource-based View
Quiz what is the aggregation of importing and exporting that leads to the country
level Trade Surplus or deficit
Ans: balance of trade
Quiz what is a cost of foreign direct investment
Ans: developing countries may be exploited by Multinational Enterprises
Quiz what may precious rare and hard to duplicate resources and capabilities lead to
for a firm
Ans: sustained comparative advantage
Quiz which theory states that patterns of international trade change across a new
maturing and standardized stages
,Ans: product life cycle Theory
Quiz what is the financial environment in which exchange rates in payments for
goods and services are conducted
Ans: international monetary system
Quiz what happens to a country's real exchange rate and nominal interest rate as the
price level increases assuming all other factors are unchanged
Ans: exchange rates depreciate interest rates increase
Quiz what is the easiest method non-financial companies used to handle currency
fluctuations
Ans: currency diversification
Quiz which strategy minimizes the risk of unanticipated changes in future exchange
rates
Ans: currency swap
Quiz which country is looking for a location with an abundance of groundbreaking
individuals firms and universities which type of strategic goal is the company
demonstrating
Ans: Innovation seeking
Quiz which advantage comes from not sharing benefits with late entrants
Ans: first-mover advantage
Quiz which entry mode is a non-equity arrangement for company contemplating
entry into a foreign market
Ans: licensing
Quiz what size commitment is required for a non Equity mode of entry into a foreign
market
Ans: small commitment
Quiz what are two supported pillars for an informal Institution
Ans: cognitive and normative
Quiz what is the key role of an institution according to the institution based View
Ans: to reduce uncertainty
, Quiz what are the rules enforcement mechanisms and organizations that support
Market transactions
Ans: institutions
Quiz what is the core proposition under pining at institution-based view of global
business
Ans: bounded rationality
Quiz in which type of political system do citizens elect representatives to govern the
country on their behalf
Ans: democracy
Quiz which legal system uses comprehensive list of rules and written codes
Ans: civil law
Quiz what are the legal privileges associated with the use of economic property to
obtain income and other benefits from its use
Ans: property rights
Quiz what is the purpose of having property rights and intellectual property rights
Ans: to legally protect the use of tangible and intangible property and allow its lawful
owner to derive income and other benefits from it
Quiz what are the two polar types of economies
Ans: Central planned economies and market economies
Quiz in addition to encouraging efficiency why might a government intervene in a
market
Ans: to promote equality
Quiz what is the relationship between total and marginal cost
Ans: marginal cost is the change in total cost divided by the change in quantity
Quiz a farmer sells wheat in a perfectly competitive market which action should the
farmer take to maximize profits
Ans: produce the quantity Where the price equals to Farmers marginal cost
Quiz what is the economic profit of a competitive firm
Revision Examination Tests
“Come all for this Greatness”
... 100% Correct Ans ...
WGU C211 GLOBAL ECONOMICS 2024-2025 ACTUAL EXAM COMPLETE -
QUESTIONS AND CORRECT DETAILED ANSWERS
Quiz which view claims that the phenomenon of globalization was initially driven by
the Western economies to exploit their Powers through Multinational Enterprises
Ans: "New" force view
Quiz economic gains from international trade because one country exported Goods,
services or other items are unique, valuable and difficult to duplicate to the important
countries. which view does this statement portray?
Ans: resource-based View
Quiz what is the aggregation of importing and exporting that leads to the country
level Trade Surplus or deficit
Ans: balance of trade
Quiz what is a cost of foreign direct investment
Ans: developing countries may be exploited by Multinational Enterprises
Quiz what may precious rare and hard to duplicate resources and capabilities lead to
for a firm
Ans: sustained comparative advantage
Quiz which theory states that patterns of international trade change across a new
maturing and standardized stages
,Ans: product life cycle Theory
Quiz what is the financial environment in which exchange rates in payments for
goods and services are conducted
Ans: international monetary system
Quiz what happens to a country's real exchange rate and nominal interest rate as the
price level increases assuming all other factors are unchanged
Ans: exchange rates depreciate interest rates increase
Quiz what is the easiest method non-financial companies used to handle currency
fluctuations
Ans: currency diversification
Quiz which strategy minimizes the risk of unanticipated changes in future exchange
rates
Ans: currency swap
Quiz which country is looking for a location with an abundance of groundbreaking
individuals firms and universities which type of strategic goal is the company
demonstrating
Ans: Innovation seeking
Quiz which advantage comes from not sharing benefits with late entrants
Ans: first-mover advantage
Quiz which entry mode is a non-equity arrangement for company contemplating
entry into a foreign market
Ans: licensing
Quiz what size commitment is required for a non Equity mode of entry into a foreign
market
Ans: small commitment
Quiz what are two supported pillars for an informal Institution
Ans: cognitive and normative
Quiz what is the key role of an institution according to the institution based View
Ans: to reduce uncertainty
, Quiz what are the rules enforcement mechanisms and organizations that support
Market transactions
Ans: institutions
Quiz what is the core proposition under pining at institution-based view of global
business
Ans: bounded rationality
Quiz in which type of political system do citizens elect representatives to govern the
country on their behalf
Ans: democracy
Quiz which legal system uses comprehensive list of rules and written codes
Ans: civil law
Quiz what are the legal privileges associated with the use of economic property to
obtain income and other benefits from its use
Ans: property rights
Quiz what is the purpose of having property rights and intellectual property rights
Ans: to legally protect the use of tangible and intangible property and allow its lawful
owner to derive income and other benefits from it
Quiz what are the two polar types of economies
Ans: Central planned economies and market economies
Quiz in addition to encouraging efficiency why might a government intervene in a
market
Ans: to promote equality
Quiz what is the relationship between total and marginal cost
Ans: marginal cost is the change in total cost divided by the change in quantity
Quiz a farmer sells wheat in a perfectly competitive market which action should the
farmer take to maximize profits
Ans: produce the quantity Where the price equals to Farmers marginal cost
Quiz what is the economic profit of a competitive firm
