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Global-Economics-for-Managers

Practice WGU Global-Economics-for-Managers Exam Questions

1. Page: 1/27
  Total 134 Questions
Question No 1

What is the definition of globalization?

Choose the Choices:

The spread of regulatory influence to a greater pool of subjects

The development of custom products for each segment of a population

The close integration of countries and peoples of the world

The achievement of a one - world market for goods and services

C
Question No 2

What is deadweight cost?

Choose the Choices:

A government payment to a domestic firm

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

A net loss that occurs in an economy as a result of tariffs

D
Question No 3

What does the term resource mobility describe?

Choose the Choices:

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

An economic condition in which a nation exports more than it imports

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

B
Question No 4

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

Choose the Choices:

Job loss

Reduced standard of living

Cultural disintegration

Capital outflow

Loss of sovereignty

Loss of intellectual property

A,D
Question No 5

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

Choose the Choices:

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.

B
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