Economic mercantilism Study guides, Class notes & Summaries
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WGU C211 Global Economics for Managers Final Exam | Questions and Verified Answers| 100% Correct (Latest 2023/ 2024) Grade A
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WGU C211 Global Economics for Managers Final Exam | Questions and Verified Answers| 100% Correct (Latest 2023/ 2024) Grade A 
 
Q: What are the critical features of the product life cycle? 
 
 
Answer: 
An economic theory that accounts for changes in the patterns of trade over time 
 
 
 
Q: How would you describe strategic trade? 
 
 
Answer: 
A theory that suggests that strategic intervention by governments in certain industries can enhance their odds for international success 
 
 
 
Q: How ar...
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INS 3003 Exam 2 (Questions and Answers)
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Globalization 3.0 - Answer-"The Age of Pax Americana" 
1945-where we are now 
Technology has drastically changed, we are living in the age of the internet, information easily 
accessible 
Acceleration of travel and tourism 
Individuals now have the power in their hands that only corporations had access to previously 
"It became a flat world" 
Globalization 2.0 - Answer-Spans from 1800-WWII 
"The Age of Pax Britannica" 
The world is further changing and becoming more interconnected 
Global ...
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Test Bank for Cohn Global Political Economy Theory and Practice 7th Edition
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Test Bank for Cohn Global Political Economy Theory and Practice 7th EditionChapter 1 Introduction 
Multiple Choice 
1) Theorists who define globalization primarily as an economic phenomenon with little effect on the primacy of states are 
a) moderate globalists. b) hyperglobalists. c) internationalists. d) liberal economists. 
Answer: c; Page 7 
2) Theorists who emphasize the fact that international relations is a “self- help” system are most often 
a) historical materialists. b) liberals. c...
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WGU C211 EXAM LATEST 2022-2023 EXAM 300 REAL EXAM QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS)|AGRADE
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WGU C211 EXAM LATEST 2022-2023 EXAM 
300 REAL EXAM QUESTIONS AND 
CORRECT ANSWERS (VERIFIED 
ANSWERS)|AGRADE 
Which two phrases represent the views of globalization? Choose two 
answers. - ANSWER- - A pendulum that swings from one extreme to 
another. 
- A competition among key financial centers and markets. 
What are two trade barriers? - ANSWER- - Nontariffs 
- Tarriffs 
What is the effect of tariff on a particular product for the country 
imposing the tariff? - ANSWER- Increases domesti...
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C211 Second OA quizzes Exam with 100% Correct Answers 2023
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The term "emerging economies" has replaced the term _____. - Correct answerDeveloping countries 
The gross domestic product plus the income from non-resident sources abroad gives 
the ____. - Correct answer-gross national product 
More than 25% of global GDP comes from _____. - Correct answer-BRICS countries 
Viewing the global economy as a pyramid, the Triad refers to _____. - Correct answerNorth America, Western Europe, and Japan 
People who earn _____ a year comprise the base of the global ...
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AGB 302 QUIZ 3 LATEST UPDATE GRADED A
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AGB 302 QUIZ 3 LATEST UPDATE GRADED A Free Trade refers to a situation where a government does not attempt to influence through quotas or duties what its citizens can buy from another country 
New trade theory Stresses that in some cases countries specialize in the production and export of particular products because the world market can support only a limited number of firms 
Mercantilism supports the idea that countries should export more than what they import 
adam smith argued that countries...
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WGU C211 - Global Economics for Managers Exam Answers.
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WGU C211 - Global Economics for Managers Exam Answers. Views on Globalization Ans: New, Evolutionary, and Pendulum 
"New" view on globalization Ans: A force sweeping through the world in recent times. 
"Evolutionary" view on globalization Ans: A long-run historical evolution since the dawn of 
human history 
"Pendulum" view on globalization Ans: One that swings from one extreme to another from time 
to time 
Foreign Direct Investment Ans: Direct investment in, control, and management of va...
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WGU C211 Global Economics for Managers Complete Vocabulary| Questions and Verified Answers| 100% Correct (Latest 2023/ 2024)
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WGU C211 Global Economics for Managers Complete Vocabulary| Questions and Verified Answers| 100% Correct (Latest 2023/ 2024) 
 
Q: What is resource similarity and how does this impact competitive dynamics? 
 
 
Answer: 
companies with high resource similarity and low market commonality will find themselves in regular adversarial interactions. 
 
 
 
Q: What is Classical Theory of International Trade 
 
 
Answer: 
Mercantilism: A zero-sum game theory that argues countries get richer when they sel...
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US & GA History Exemption Exam (UGA)2022
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In what year was Georgia established? 
1732 
 
 
 
When did settlement take place in Savannah? 
1733 
 
 
 
How long was Georgia in existence before there was a governor or governing body within the colony itself? 
Two decades 
 
 
 
Who ruled Georgia in the beginning? 
Board of Trustees 
 
 
 
Define: Board of Trustees 
The governing body of Georgia in London England. King George signed a charter establishing the colony and creating its governing board 
 
 
 
What years is Georgia referred to a...
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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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