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C 211 GLOBAL ECONOMICS FOR MANAGERS WGU
FOR OA EXAM 2025| BRAND NEW ACTUAL EXAM
WITH 100% VERIFIED QUESTIONS AND CORRECT
SOLUTIONS| GUARANTEED VALUE PACK| ACE YOUR
GRADES.
The resource-based view of global business differs from the institution-based
view of global business in that the resource-based view _____. - (answers)focuses
on the internal strengths on the firm
Which of the following is true of globalization according to the "pendulum view"
perspective? - (answers)Globalization is a not a one-directional phenomenon.
The _____ of globalization suggests that globalization is neither recent nor one-
directional. - (answers)pendulum view
Which of the following is true of semiglobalization? - (answers)It is a type of
globalization that lies between total isolation and total globalization.
Globalization can be viewed as: - (answers)A new force sweeping through the
world in recent times.
A long-run historical evolution since the dawn of human history.
A pendulum that swings from one extreme to another from time to time.
Name the three views of globalization. - (answers)A recent force, a long-running
evolution, and a pendulum
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The _____ theory viewed international trade as a zero-sum game. -
(answers)mercantilism
The _____ principle advocated that governments should actively protect domestic
industries from imports and vigorously promote exports. -
(answers)protectionism
Which of the following is a modern trade theory? - (answers)National competitive
advantage
The _____ theory is based on the assumption that the wealth of the world is
fixed. - (answers)mercantilism
Import quotas are a type of _____. - (answers)tariff barrier
According to the theory of absolute advantage, under free trade, - (answers)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)? - (answers)Cultural
distance
Chile requires 50 units of resource to produce one ton of wine and 20 units of
resource to produce one ton of blueberries. France requires 30 units of resource
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to produce one ton of wine and 40 units of resource to produce one ton of
blueberries. Which of the following is true? - (answers)France has a comparative
advantage in wine.
Which of the following theories does NOT lead to the conclusion that unrestricted
free trade is in the best interests of all countries? - (answers)Strategic trade
theory
Free trade is defined as: - (answers)The idea that market forces should determine
how much to trade with little or no government intervention.
According to the theory of absolute advantage, under free trade, - (answers)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)? - (answers)Cultural
distance
Protectionism is similar to mercantilism as they both advocated _____. -
(answers)government involvement in international trade
OLI advantages refer to a firm's quest for _____via FDI. - (answers)ownership
advantages, location advantages, and internalization advantages
, 4|Page
MNEs' possession and leveraging of certain valuable, rare, hard-to-imitate, and
organizationally embedded (VRIO) assets overseas in the context of FDI refer to
_____. - (answers)ownership
Firms prefer FDI to licensing because FDI_____. - (answers)provides the firm with
direct ownership to its foreign assets
Which of the following political perspectives maintains the view that FDI has both
pros and cons and can only be approved when its benefits outweigh costs? -
(answers)Pragmatic nationalism
Which of the following is a benefit of FDI to home countries? - (answers)Learning
from operations
Which of the following foreign exchange transactions provide protection to
traders and investors from being exposed to fluctuations of the spot rate? -
(answers)Forward transactions
_____ is defined as the conversion of one currency into another at Time 1, with
an agreement to revert it back to the original currency at a specific Time 2 in the
future. - (answers)Currency swap
Foreign exchange rates are influenced by: - (answers)Interest rates and money
supply.
Relative price differences and purchasing power parity.
C 211 GLOBAL ECONOMICS FOR MANAGERS WGU
FOR OA EXAM 2025| BRAND NEW ACTUAL EXAM
WITH 100% VERIFIED QUESTIONS AND CORRECT
SOLUTIONS| GUARANTEED VALUE PACK| ACE YOUR
GRADES.
The resource-based view of global business differs from the institution-based
view of global business in that the resource-based view _____. - (answers)focuses
on the internal strengths on the firm
Which of the following is true of globalization according to the "pendulum view"
perspective? - (answers)Globalization is a not a one-directional phenomenon.
The _____ of globalization suggests that globalization is neither recent nor one-
directional. - (answers)pendulum view
Which of the following is true of semiglobalization? - (answers)It is a type of
globalization that lies between total isolation and total globalization.
Globalization can be viewed as: - (answers)A new force sweeping through the
world in recent times.
A long-run historical evolution since the dawn of human history.
A pendulum that swings from one extreme to another from time to time.
Name the three views of globalization. - (answers)A recent force, a long-running
evolution, and a pendulum
,2|Page
The _____ theory viewed international trade as a zero-sum game. -
(answers)mercantilism
The _____ principle advocated that governments should actively protect domestic
industries from imports and vigorously promote exports. -
(answers)protectionism
Which of the following is a modern trade theory? - (answers)National competitive
advantage
The _____ theory is based on the assumption that the wealth of the world is
fixed. - (answers)mercantilism
Import quotas are a type of _____. - (answers)tariff barrier
According to the theory of absolute advantage, under free trade, - (answers)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)? - (answers)Cultural
distance
Chile requires 50 units of resource to produce one ton of wine and 20 units of
resource to produce one ton of blueberries. France requires 30 units of resource
,3|Page
to produce one ton of wine and 40 units of resource to produce one ton of
blueberries. Which of the following is true? - (answers)France has a comparative
advantage in wine.
Which of the following theories does NOT lead to the conclusion that unrestricted
free trade is in the best interests of all countries? - (answers)Strategic trade
theory
Free trade is defined as: - (answers)The idea that market forces should determine
how much to trade with little or no government intervention.
According to the theory of absolute advantage, under free trade, - (answers)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)? - (answers)Cultural
distance
Protectionism is similar to mercantilism as they both advocated _____. -
(answers)government involvement in international trade
OLI advantages refer to a firm's quest for _____via FDI. - (answers)ownership
advantages, location advantages, and internalization advantages
, 4|Page
MNEs' possession and leveraging of certain valuable, rare, hard-to-imitate, and
organizationally embedded (VRIO) assets overseas in the context of FDI refer to
_____. - (answers)ownership
Firms prefer FDI to licensing because FDI_____. - (answers)provides the firm with
direct ownership to its foreign assets
Which of the following political perspectives maintains the view that FDI has both
pros and cons and can only be approved when its benefits outweigh costs? -
(answers)Pragmatic nationalism
Which of the following is a benefit of FDI to home countries? - (answers)Learning
from operations
Which of the following foreign exchange transactions provide protection to
traders and investors from being exposed to fluctuations of the spot rate? -
(answers)Forward transactions
_____ is defined as the conversion of one currency into another at Time 1, with
an agreement to revert it back to the original currency at a specific Time 2 in the
future. - (answers)Currency swap
Foreign exchange rates are influenced by: - (answers)Interest rates and money
supply.
Relative price differences and purchasing power parity.
