Page 1 of 28
OA Quiz - C211 / C 211 (Latest 2025) : Global
Economics for Managers - W.G.U
new .....ANSWER.....view that claims phenomenon of globalization
was initially driven by the desire of Western economies to
exploit their power through MNE's
evolutionary .....ANSWER.....view that claims globalization is a
long-run historical evolution since the dawn of humanity. Says it is
nothing new and that it will always exist
pendulum .....ANSWER.....view that claims globalization is
swinging from one extreme to another from time to time
foreign direct investment .....ANSWER.....investment in, controlling,
and managing value-added activities in other countries
radical .....ANSWER.....political view hostile to FDI. believes it is
an instrument of imperialism and vehicle for exploitation of
domestic resources by foreign capitalists and firms
,Page 2 of 28
free market .....ANSWER.....suggests that FDI, unrestricted by
government intervention, will enable countries to tap into their
absolute or comparative advantages by specializing in the
production of certain goods and services
pragmatic nationalis .....ANSWER.....views FDI as having pros and
cons and only approving FDI when its benefits outweigh costs
capital inflow, technology spillovers, advanced management
know-how, creates jobs .....ANSWER.....what benefits exist to a
country receiving FDI?
balance of trade .....ANSWER.....The aggregation of importing
and exporting that leads to the country-level trade surplus or
deficit.
high .....ANSWER.....firms with a _____ degree of resource
similarity are likely to have similar competitive actions
highest .....ANSWER.....a high degree of resource similarity but
low market commonality = _______ intensity of rivalry
, Page 3 of 28
lowest .....ANSWER.....little resource similarity but high market
commonality = _____ intensity of rivalry
classical .....ANSWER.....mercantilism, absolute advantage and
comparative advantage belong to what theory of international
trade
modern .....ANSWER.....theory of international trade that relies on
more realistic product life cycles and first mover advantages
absolute .....ANSWER.....under free trade, a nation gains by
specializing in economic activities in which it has
_____advantage
comparative .....ANSWER.....focuses on the idea that if a country
does not have absolute advantage, they can still choose to
specialize in the production of one good where it has ______
advantage
factor endowments .....ANSWER.....comparative advantage and
absolute advantage stem from
OA Quiz - C211 / C 211 (Latest 2025) : Global
Economics for Managers - W.G.U
new .....ANSWER.....view that claims phenomenon of globalization
was initially driven by the desire of Western economies to
exploit their power through MNE's
evolutionary .....ANSWER.....view that claims globalization is a
long-run historical evolution since the dawn of humanity. Says it is
nothing new and that it will always exist
pendulum .....ANSWER.....view that claims globalization is
swinging from one extreme to another from time to time
foreign direct investment .....ANSWER.....investment in, controlling,
and managing value-added activities in other countries
radical .....ANSWER.....political view hostile to FDI. believes it is
an instrument of imperialism and vehicle for exploitation of
domestic resources by foreign capitalists and firms
,Page 2 of 28
free market .....ANSWER.....suggests that FDI, unrestricted by
government intervention, will enable countries to tap into their
absolute or comparative advantages by specializing in the
production of certain goods and services
pragmatic nationalis .....ANSWER.....views FDI as having pros and
cons and only approving FDI when its benefits outweigh costs
capital inflow, technology spillovers, advanced management
know-how, creates jobs .....ANSWER.....what benefits exist to a
country receiving FDI?
balance of trade .....ANSWER.....The aggregation of importing
and exporting that leads to the country-level trade surplus or
deficit.
high .....ANSWER.....firms with a _____ degree of resource
similarity are likely to have similar competitive actions
highest .....ANSWER.....a high degree of resource similarity but
low market commonality = _______ intensity of rivalry
, Page 3 of 28
lowest .....ANSWER.....little resource similarity but high market
commonality = _____ intensity of rivalry
classical .....ANSWER.....mercantilism, absolute advantage and
comparative advantage belong to what theory of international
trade
modern .....ANSWER.....theory of international trade that relies on
more realistic product life cycles and first mover advantages
absolute .....ANSWER.....under free trade, a nation gains by
specializing in economic activities in which it has
_____advantage
comparative .....ANSWER.....focuses on the idea that if a country
does not have absolute advantage, they can still choose to
specialize in the production of one good where it has ______
advantage
factor endowments .....ANSWER.....comparative advantage and
absolute advantage stem from
