C211 global economics Study guides, Class notes & Summaries
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C211 Global Economics Final Exam Latest Study guide 2023/2024
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C211 Global Economics Final Exam Latest Study guide 2023/2024 Top Examinable Questions (Guaranteed A+) 
Views on Globalization 
New, Evolutionary, and Pendulum 
 
 
"New" view on globalization 
A force sweeping through the world in recent times. 
 
 
"Evolutionary" view on globalization 
A long-run historical evolution since the dawn of human history 
 
 
"Pendulum" view on globalization 
One that swings from one extreme to another from time to time 
 
 
Foreign Direct Investment 
Direct i...
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C211 Global Economics Final Exam Latest Study guide 2023/2024
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C211 Global Economics Final Exam Latest Study guide 2023/2024 Top Examinable Questions (Guaranteed A+) 
Explain the New, Evolutionary, and Pendulum views of Globalization. How do these differ from one another? 
"New" view on globalization - A force sweeping through the world in recent times. 
 
"Evolutionary" view on globalization - A long-run historical evolution since the dawn of human history. 
 
"Pendulum" view on globalization - One that swings from one extreme to another from time to...
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WGU C211 Global Economics for Managers Quiz Bank |More than 300 Questions and Verified Answers| 100% Correct (Latest 2023/ 2024)
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WGU C211 Global Economics for Managers 
Quiz Bank |More than 300 Questions and 
Verified Answers| 100% Correct (Latest 
2023/ 2024) 
 
QUESTION 
Monopolistic competition is characterized by: 
 
 
Answer: 
 Ease of market entry and exit. 
 
 
QUESTION 
An incentive to advertise exists for monopolistically competitive firms because: 
 
 
Answer: 
 The products they sell are differentiated. 
 
 
QUESTION 
Monopolistic competition is characterized by: 
 
 
Answer: 
 Many firm...
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WGU C211 GLOBAL ECONOMICS FOR MANAGERS FINAL EXAM 2023-2024
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WGU C211 GLOBAL ECONOMICS FOR 
MANAGERS FINAL EXAM 
3 views on globalization - CORRECT ANSWER-Globalization is when you do business 
internationally 
New, Evolutionary, and Pendulum 
"New" view on globalization - CORRECT ANSWER-A force sweeping through the world 
in recent times. 
Which view claims that the phenomenon of globalization was initially driven by the 
desire of Western economies to exploit their power through multinational enterprises? 
"Evolutionary" view on globalization ...
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WGU C211 Exams/Objective Assessments/Pre-Assessments/ Terms Global Economics for Managers Exam | Real Questions and Verified Answers| 100% Correct (ALL New 2023/ 2024 Updates BUNDLED TOGETHER WITH COMPLETE SOLUTIONS) Graded A
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WGU C211 Exams/Objective Assessments/Pre-Assessments/ Terms Global Economics for Managers Exam | Real Questions and Verified Answers| 100% Correct (ALL New 2023/ 2024 Updates BUNDLED TOGETHER WITH COMPLETE SOLUTIONS) Graded A
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WGU C211 Objective Assessment Global Economics for Managers Exam | Real Questions and Verified Answers| 100% Correct (New 2023/ 2024 Update) Graded A
- Exam (elaborations) • 14 pages • 2023
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WGU C211 Objective Assessment Global 
Economics for Managers Exam | Real 
Questions and Verified Answers| 100% 
Correct (New 2023/ 2024 Update) Graded A 
 
QUESTION 
Which kind of outcome was Adam Smith referring to when describing the invisible hand? 
 
 
Answer: 
Market outcomes 
 
 
 
QUESTION 
What does the value of the marginal product of labor for a perfectly competitive, profitmaximizing 
firm equal? 
 
 
 
 
 
Answer: 
 
Rate 
 
 
 
 
 
 
 
QUESTION 
What is the change in total cos...
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C211 Global Economics for Managers FINAL EXAM 2024 EXAM GRADED A+ (WGU) VERIFIED EXAM
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C211 Global Economics for Managers FINAL EXAM 2024 EXAM GRADED A+ (WGU) VERIFIED EXAM
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WGU C211 Global Economics for Managers Complete Terms| Questions and Verified Answers| 100% Correct (New 2023/ 2024 Update)
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WGU C211 Global Economics for Managers 
Complete Terms| Questions and Verified 
Answers| 100% Correct (New 2023/ 2024 Update) 
 
QUESTION 
 
What is Scenario Planning 
 
 
Answer: 
A technique to prepare and plan for multiple scenarios (either high or low risk). 
 
 
 
QUESTION 
What is Semi-globalization 
 
 
Answer: 
A perspective that suggests that barriers to market integration at borders are high, but not high 
enough to insulate countries from each other completely. 
 
 
 
QUESTION 
...
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WGU C211 Global Economics Exam (2024) || All Questions & 100% Verified Answers
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WGU C211 Global Economics Exam (2024) || All Questions & 100% Verified Answers 
WGU C211 Global Economics Exam (2024) || All Questions & 100% Verified Answers 
 
Suppose that the United States imposes a 
tariff on avocados imported from Mexico. 
What impact will this have on the price paid 
for avocados by United States citizens? - ANSWER - The price will increase. 
 
Which of the following is a consequence of a 
country imposing a tariff on imported goods? - ANSWER - The demand for foreign prod...
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WGU C211 Global Economics for Managers Exam | Questions and Verified Answers| 100% Correct (New 2023/ 2024 Update) Grade A
- Exam (elaborations) • 28 pages • 2023
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WGU C211 Global Economics for Managers 
Exam | Questions and Verified Answers| 
100% Correct (New 2023/ 2024 Update) Grade A 
 
QUESTION 
 
What is a property right? 
 
 
Answer: 
The legal rights to use an economic property (resource) and to derive income and benefits from 
it. 
 
 
 
QUESTION 
What is an intellectual property right? 
 
 
Answer: 
Rights associated with the ownership of intellectual property. 
 
 
 
QUESTION 
command economy 
 
 
Answer: 
An economy that is characterized ...
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