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9/12/2020WGU Student Portal | Coaching Report1/21PRE-ASSESSMENT: GLOBAL ECONOMICS FOR MANAGERS(UZC2) PUZCAttempt #1Status: Passed1.Which view claims that the phenomenon of globalization was initially driven by the desire of Westerneconomies to exploit their power through multinational enterprises? YOURANSWERCORRECTANSWERThe long-run historical viewThe new-force viewThe pendulum viewThe balanced surplus-de±cit view2.Economic gains come from international trade because one country’s exported goods, services, or otheritems are unique, valuable, and dif±cult to duplicate to the importing countries. Which view does this statement portray? YOURANSWERCORRECTANSWER3.Multinational enterprise (MNE): A firm that engages in foreign direct investment (FDI).Globalization: The close integration of countries and people of the world.ost-Bretton Woods sytem: A system of flexible exchange rates with no official common denominator.Dirty float: Using selective government intervention to determine exchange rates.Clean float: A pure market solution to determine exchange rates.
9/12/2020WGU Student Portal | Coaching Report2/21What is the aggregation of importing and exporting that leads to the country-level trade surplus or de±cit?YOURANSWERCORRECTANSWERLossPro±tRevenueBalance of trade4.What is a cost of foreign direct investment? YOURANSWERCORRECTANSWER