Global-Economics-for-Managers Free Exam Questions & Answers (Updated 2026)

What is the definition of globalization?

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What is deadweight cost?

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A tariff levied on imports that are selling below cost in order to unfairly drive domestic firms out of business

The lost potential from pursuing one activity at the expense of another, given the alternatives

What does the term resource mobility describe?

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The idea that market forces should determine how much to trade with little or no government intervention

The assumption that a resource removed from one industry can be moved to another

The idea that governments should actively defend domestic industries from imports and vigorously promote the export of resources

What are costs to home countries of foreign direct investment (FDI)? (Choose TWO.)

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In which situation is the contender strategy appropriate for responding to multinational enterprises (MNEs)?

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There is high industry pressure to globalize, and competitive assets are transferable abroad.

There is high industry pressure to globalize, and competitive assets are customized to home markets.

There is low industry pressure to globalize, and competitive assets are transferable abroad.

There is low industry pressure to globalize, and competitive assets are customized to home markets.

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WGU Global-Economics-for-Managers Free Exam Questions (Updated 2026)