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WGU C211 Pre-Assessment Global Economics for
Managers Questions with Correct Verified Answers/
C211 Pre-Assessment Review
Views on Globalization - ...ANSWER...✓✓ New,
Evolutionary, and Pendulum
"New" view on globalization - ...ANSWER...✓✓ A force
sweeping through the world in recent times.
"Evolutionary" view on globalization - ...ANSWER...✓✓ A
long-run historical evolution since the dawn of human
history
"Pendulum" view on globalization - ...ANSWER...✓✓ One
that swings from one extreme to another from time to
time
Foreign Direct Investment - ...ANSWER...✓✓ Direct
investment in, control, and management of value-added
activities in other countries
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Political views on FDI - ...ANSWER...✓✓ Radical View,
Free Market View, Pragmatic Nationalism
Benefits to a country receiving FDI - ...ANSWER...✓✓
Capital Inflow, Technology Spillover, Advanced
Management Know-How, Job creation
Costs to a country receiving FDI - ...ANSWER...✓✓ Loss
of Sovereignty, Adverse effects on competition,
Capital outflow.
How do resources and capabilities influence the
competitive dynamics of a business? - ...ANSWER...✓✓
Resource similarity and market commonality can yield a
powerful framework for competitor analysis.
Resource similarity - ...ANSWER...✓✓ The extent to which
a given competitor possesses strategic endowment
comparable, in terms of both type and amount, to those of
the focal firm.
How does resource similarity impact competitive
dynamics? - ...ANSWER...✓✓ Firms with a high degree
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are likely to have similar competitive actions. (Starbuck's
instant coffee & McDonald's iced coffee)
Classical theories of international trade - ...ANSWER...✓✓
Mercantilism, Absolute advantage, and Comparative
advantage
Modern theory view - ...ANSWER...✓✓ Dynamic
Classical theory view - ...ANSWER...✓✓ Static
Absolute advantage - ...ANSWER...✓✓ The economic
advantage one nation enjoys that is superior to other
nations
Comparative advantage - ...ANSWER...✓✓ The advantage
one economic activity nation enjoys in comparison with
other nations (relative, not absolute)
Mercantilism - ...ANSWER...✓✓ A theory that suggests
that the wealth of the world is fixed and that a nation that
exports more and imports less will be richer.
WGU C211 Pre-Assessment Global Economics for
Managers Questions with Correct Verified Answers/
C211 Pre-Assessment Review
Views on Globalization - ...ANSWER...✓✓ New,
Evolutionary, and Pendulum
"New" view on globalization - ...ANSWER...✓✓ A force
sweeping through the world in recent times.
"Evolutionary" view on globalization - ...ANSWER...✓✓ A
long-run historical evolution since the dawn of human
history
"Pendulum" view on globalization - ...ANSWER...✓✓ One
that swings from one extreme to another from time to
time
Foreign Direct Investment - ...ANSWER...✓✓ Direct
investment in, control, and management of value-added
activities in other countries
,2|Page
Political views on FDI - ...ANSWER...✓✓ Radical View,
Free Market View, Pragmatic Nationalism
Benefits to a country receiving FDI - ...ANSWER...✓✓
Capital Inflow, Technology Spillover, Advanced
Management Know-How, Job creation
Costs to a country receiving FDI - ...ANSWER...✓✓ Loss
of Sovereignty, Adverse effects on competition,
Capital outflow.
How do resources and capabilities influence the
competitive dynamics of a business? - ...ANSWER...✓✓
Resource similarity and market commonality can yield a
powerful framework for competitor analysis.
Resource similarity - ...ANSWER...✓✓ The extent to which
a given competitor possesses strategic endowment
comparable, in terms of both type and amount, to those of
the focal firm.
How does resource similarity impact competitive
dynamics? - ...ANSWER...✓✓ Firms with a high degree
, 3|Page
are likely to have similar competitive actions. (Starbuck's
instant coffee & McDonald's iced coffee)
Classical theories of international trade - ...ANSWER...✓✓
Mercantilism, Absolute advantage, and Comparative
advantage
Modern theory view - ...ANSWER...✓✓ Dynamic
Classical theory view - ...ANSWER...✓✓ Static
Absolute advantage - ...ANSWER...✓✓ The economic
advantage one nation enjoys that is superior to other
nations
Comparative advantage - ...ANSWER...✓✓ The advantage
one economic activity nation enjoys in comparison with
other nations (relative, not absolute)
Mercantilism - ...ANSWER...✓✓ A theory that suggests
that the wealth of the world is fixed and that a nation that
exports more and imports less will be richer.
