WGU C211 GLOBAL ECONOMICS FOR MANAGERS OA
EXAM / C211 GLOBAL ECONOMICS FOR MANAGERS WGU
FOR OA ACTUAL EXAM 2025/2026 (LATEST UPDATED
VERSION) COMPLETE ACCURATE TEST QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED ANSWERS)
|GUARANTEED PASS A+
Which of the following is a modern trade theory?
Answer- National competitive advantage
The _____ theory is based on the assumption that the wealth of
the world is fixed.
Answer- mercantilism
Import quotas are a type of _____.
Answer- tariff barrier
According to the theory of absolute advantage, under free trade,
Answer- 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)?
,Answer- 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 to produce one ton of wine
and 40 units of resource to produce one ton of blueberries.
Which of the following is true?
Answer- 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?
Answer- Strategic trade theory
Free trade is defined as:
Answer- 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,
,Answer- 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)?
Answer- Cultural distance
Protectionism is similar to mercantilism as they both advocated
_____.
Answer- government involvement in international trade
OLI advantages refer to a firm's quest for _____via FDI.
Answer- ownership advantages, location advantages, and
internalization advantages
MNEs' possession and leveraging of certain valuable, rare, hard-
to-imitate, and organizationally embedded (VRIO) assets
overseas in the context of FDI refer to _____.
Answer- ownership
, Firms prefer FDI to licensing because FDI_____.
Answer- 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?
Answer- Pragmatic nationalism
Which of the following is a benefit of FDI to home countries?
Answer- 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?
Answer- Forward transactions
EXAM / C211 GLOBAL ECONOMICS FOR MANAGERS WGU
FOR OA ACTUAL EXAM 2025/2026 (LATEST UPDATED
VERSION) COMPLETE ACCURATE TEST QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED ANSWERS)
|GUARANTEED PASS A+
Which of the following is a modern trade theory?
Answer- National competitive advantage
The _____ theory is based on the assumption that the wealth of
the world is fixed.
Answer- mercantilism
Import quotas are a type of _____.
Answer- tariff barrier
According to the theory of absolute advantage, under free trade,
Answer- 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)?
,Answer- 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 to produce one ton of wine
and 40 units of resource to produce one ton of blueberries.
Which of the following is true?
Answer- 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?
Answer- Strategic trade theory
Free trade is defined as:
Answer- 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,
,Answer- 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)?
Answer- Cultural distance
Protectionism is similar to mercantilism as they both advocated
_____.
Answer- government involvement in international trade
OLI advantages refer to a firm's quest for _____via FDI.
Answer- ownership advantages, location advantages, and
internalization advantages
MNEs' possession and leveraging of certain valuable, rare, hard-
to-imitate, and organizationally embedded (VRIO) assets
overseas in the context of FDI refer to _____.
Answer- ownership
, Firms prefer FDI to licensing because FDI_____.
Answer- 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?
Answer- Pragmatic nationalism
Which of the following is a benefit of FDI to home countries?
Answer- 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?
Answer- Forward transactions
