WGU C211 Pre- Assessment Global Economics for Managers Exam Prep| Questions and Verified Answers| 100% Correct (Latest 2023/ 2024)
WGU C211 Pre- Assessment Global
Economics for Managers Exam Prep|
Questions and Verified Answers| 100%
Correct (Latest 2023/ 2024)
Q: Direct exports have which advantage
Answer:
capitalization of economies of scale in production in the home country
Q: What are three examples of equity modes of entry?
Answer:
strategic alliances greenfields
acquisitions
Q: Which pillar of formal institutions represents the coercive power of gov- ernments
Answer:
regulatory
Q: what are represented by formal institutions
Answer:
laws
Q: What is the necessity of making sensible decisions in the absence of complete information
Answer:
bounded rationality
Q: Which three characteristics are attributed to a democracy
Answer:
it prizes an individual’s right to freedom of expression and organization
it extends the right to organize economically to domestic and foreign individuals and firms
it contains some political risk but risk that is qualitatively lower than in other political system
Q: Which protection of intellectual property is used for the design of a logoAnswer:
trademark
Q: An import tariff is implemented on apples. What is the effect on domestic government
revenue
Answer:
it increases
Q: What is true about tariffs
Answer:
They allow the government to raise revenue.
Q: The formula fixed costs (FC) + variable costs (VC) represents which quan- tity
Answer:
Total cost (TC)
Q: What is a characteristics of a market economy
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