Wgu C211 Global Economics For Managers

This study source was downloaded by 100000857300661 from CourseHero.com on 11-30-2022 03:37:13 GMT -06:00https://www.coursehero.com/file/105523183/C211-Global-Economics-for-Managers-OAdocx/ C211 Global Economics for Managers (OA)1. Which two phrases represent the views of globalization? Choose two answers.a. A pendulum that swings from one extreme to anotherb. A competition among key financial centers and marketsc. A continuing force sweeping through the worldd. An unplanned result of corporate responses to a variety of opportunitiese. A trading of goods and services between the most and least regulated countries2. What are two trade barriers? Choose two answers.a. Nontariffsb. Foreign languagesc. The oceand. Tariffse. Shipping3. What is the effect of tariff on a particular product for the country imposing the tariff?a. Increases domestic production of the productb. Decreases the deadweight cost of the countryc. Increases domestic consumption of the productd. Decreases government trade revenues4. Which benefits come to the host country as a result of foreign direct investment? Choose two answers.a. Sovereign stabilityb. Capital outflowc. Domestic resource allocationd. Creation of domestic jobs5. Which characteristic of firm resources affects competitive dynamics?a. Tractabilityb. Divisibilityc. Imitabilityd. Intensity6. Which characteristic of firm resources affects competitive dynamics, according to the VRIO framework?a. Variabilityb. Optimizationc. Interpretabilityd. Rarity7. Which theory is the forerunner to modern-day protectionism?a. Free tradeb.