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WGU C211 OA GLOBAL
ECONOMICS ACTUAL EXA M
WITH VERIFIED SOLUTIONS
Question : Views on Globalization
CORRECT ANSWER : New, Evolutionary, and
Pendulum
Question : "New" view on globalization
CORRECT ANSWER : A force sweeping through the
world in recent times.
Question : "Evolutionary" view on globalization
CORRECT ANSWER : A long-run historical evolution
since the dawn of human history
Question : "Pendulum" view on globalization
CORRECT ANSWER : One that swings from one
extreme to another from time to time
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Question : Foreign Direct Investment
CORRECT ANSWER : Direct investment in, control,
and management of value-added activities in other countries
Question : Political views on FDI
CORRECT ANSWER : Radical View, Free Market
View, Pragmatic Nationalism
Question : Benefits to a country receiving FDI
CORRECT ANSWER : Capital Inflow, Technology
Spillover, Advanced Management Know-How, Job creation
Question : Costs to a country receiving FDI
CORRECT ANSWER : Loss of Sovereignty, Adverse
effects on competition, Capital outflow.
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Question : How do resources and capabilities influence
the competitive dynamics of a business?
CORRECT ANSWER : Resource similarity and market
commonality can yield a powerful framework for competitor analysis.
We have an expert-written solution to this problem!
Question : Resource similarity
CORRECT 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.
Question : How does resource similarity impact
competitive dynamics?
CORRECT ANSWER : Firms with a high degree are
likely to have similar competitive actions. (Starbuck's instant coffee & McDonald's iced coffee)
Question : Classical theories of international trade
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CORRECT ANSWER : Mercantilism, Absolute
advantage, and Comparative advantage
Question : Modern theory view
CORRECT ANSWER : Dynamic
Question : Classical theory view
CORRECT ANSWER : Static
Question : Absolute advantage
CORRECT ANSWER : The economic advantage one
nation enjoys that is superior to other nations
Question : Comparative advantage
CORRECT ANSWER : The advantage one economic
activity nation enjoys in comparison with other nations (relative, not absolute)