WGU C211 Objective Assessment Final Exam 2025,

• | P a g e

WGU C211 Objective Assessment Final Exam 2025, global economics exam, WGU business test, international trade questions, C211 2025 answers, economic strategy, global market exam

According to the theory of absolute advantage, under free trade,

• each nation gains by specializing in economic activities in

which a nation has absolute advantage.

• no country has an absolute advantage in economic activities.
• each nation loses by specializing in economic activities in

which a nation has absolute advantage.

• every country has an absolute advantage in a certain

economic activity.

Correct Answer: a

Which of the following is NOT a nontariff trade barrier (NTB)?

• Local content requirements
• Cultural distance
• Import quotas 1 / 4

• | P a g e

• Subsidies

Correct Answer: b

Protectionism is similar to mercantilism as they both advocated

_____.

a.dividing the nations of the world into three categories based on its innovation capabilities b.government involvement in international trade c.developing comparative advantages based on a nation's locally abundant factors d.specializing in economic activities in which a nation can have an absolute advantage

Correct Answer: b

We have an expert-written solution to this problem! 2 / 4

• | P a g e

OLI advantages refer to a firm's quest for _____via FDI.a.organization advantages, leadership advantages, and innovation advantages b.oligopolistic advantages, laissez-faire advantages, and intrafirm trade advantages c.ownership advantages, location advantages, and internalization advantages d.outsourcing advantages, licensing advantages, and importing advantages

Correct Answer: c

MNEs' possession and leveraging of certain valuable, rare, hard- to-imitate, and organizationally embedded (VRIO) assets overseas in the context of FDI refer to _____.a.ownership

• 3 / 4

• | P a g e

internalization c.location d.market imperfections

Correct Answer: a

Firms prefer FDI to licensing because FDI_____.a.increases the chances of opportunism when dealing with a host nation entity b.protects the firm from economic agglomeration c.provides the firm with direct ownership to its foreign assets d.requires complete dissemination of technological know-how to host nation entity

Correct Answer: c

• / 4