C 211 GLOBAL ECONOMICS FOR MANAGERS WGU FOR OA ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS

C 211 GLOBAL ECONOMICS FOR MANAGERS WGU FOR OA ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS The resource-based view of global business differs from the institutionbased view of global business in that the resource-based view _____. - Answer -focuses on the internal strengths on the firm Which of the following is true of globalization according to the "pendulum view" perspective? - Answer -Globalization is a not a onedirectional phenomenon. The _____ of globalization suggests that globalization is neither recent nor one-directional. - Answer -pendulum view Which of the following is true of semiglobalization? - Answer -It is a type of globalization that lies between total isolation and total globalization. Globalization can be viewed as: - Answer -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. - Answer -A recent force, a longrunning evolution, and a pendulum The _____ theory viewed international trade as a zero-sum game. - Answer -mercantilism The _____ principle advocated that governments should actively protect domestic industries from imports and vigorously promote exports. - Answer -protectionism 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 -